Menu
Interest on GST Late Fees
I have received notice for recovery of Interest for F.Y. 2017-2018 in that interest is also shown on Late fees paid in GSTR 3b . Please I want to now whether Interest on GST Late fees is applicable or not.
Replies (5)
Quick Summary
Pls check your inbox once. I'm leaving the details there.
There is no interest on late fees
No ... no Interest is applicable on late fee.
Depending on the circumstances of thecase .
They are asking for interest on delayed payment of tax if output tax is paid out of cash ledger in any month of delayed filing of 3B.If not then no interest is payable
Recent Topics :
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
Related Topics :
CAclubindia
