Rate of penal interest in GST
Atindra Kishor Bhattacharya (6 Points)
24 September 2019
What is the rate of penal interest in case of delayed payment or non payment of GST.
2 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 24 September 2019
As per section 50 of CGST the interest is 18℅ on Gross liability
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 24 September 2019
Interest rate @ 18%...
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