i have paid GST after due date. that case can i liable to pay inrerest on RCM.
plz clarify.
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Interest on RCM
Replies (2)
Yes... Interest is applicable and payable for the liability of rcm if it's not paid on or before due date...
As per section 50 you are liable to pay interest @ 18% per annum on delayed payment of GST which includes RCM!
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