accountant
450 Points
Joined July 2013
We purchased machinery from Germany on FY 19-20 25 Sept 2019 from an import supplier & same year taken IGST Amount Rs.4800000 benefit but payment made to supplier in FY 19-20 Sept 2019 40% Oct 21 30% Oct 22 30% as per PO terms.
in that case can we pay interest on the GST amount under late payment to Govt.(over 180 Days)