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Interest rate

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25 Points Joined December 2019
In case of short payment of GST, and later after 1 year the short payment is paid by using ITC only, in that case interest will be levied or not.. pls explain
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On 13 August 2020 at 15:18 Report
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493 Points Joined September 2019
Late fee will levy of that period at the time of returning file
And please concern with someone also
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On 13 August 2020 at 15:25
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25 Points Joined December 2019
Late fee is upto retrun filing.
return is filed by due date
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On 13 August 2020 at 15:28
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493 Points Joined September 2019
If return is filed by due date so how can it be possible that there will be shortage in tax payment as you cannot file 3B without paying tax
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On 13 August 2020 at 15:45
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25 Points Joined December 2019
Actually amount is less paid in 3b.
remaining paid after 6 months
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On 13 August 2020 at 15:49
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493 Points Joined September 2019
You mean that you have shown sale less?....
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On 13 August 2020 at 15:57
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GST Practitioner
55067 Points Joined June 2017
Yes as per Section 50 , interest is applicable @ 18% p.a.
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On 13 August 2020 at 23:39
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493 Points Joined September 2019
I agree with Pankaj Rawat
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On 13 August 2020 at 23:43
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25 Points Joined December 2019
If tax is paid by using itc only, then also interst has to pay
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On 14 August 2020 at 09:44
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36 Points Joined June 2019
Yes as per Section 50 , interest is applicable @ 18% p.a. and have paid in cash .
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On 14 August 2020 at 10:23
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44 Points Joined November 2017
Interst has to pay @ 18%
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On 15 August 2020 at 14:42

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