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reverse charge

RCM 264 views 6 replies
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176 Points Posted on 21 December 2018
I am liable to pay tax under RCM but I didn't pay the same on due date.
what will be consequences ????
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On 21 December 2018 at 13:23 Report
Replies (6)
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CA
600 Points Posted on 21 December 2018

Now consider in your 3B and pay with Interest.

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On 21 December 2018 at 13:30
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Chartered Accountant
33 Points Posted on 21 December 2018
you should the amount next Month along with interest @ 18%PA
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On 21 December 2018 at 13:31
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176 Points Posted on 21 December 2018
interest should be 24% ???
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On 21 December 2018 at 13:34
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Chartered Accountant
33 Points Posted on 21 December 2018
Interest will be applicable at the rate of 18% if the payment is not done within the due date

A rate of 24% interest will be applicable in the case when a taxpayer claims excess of input tax credit or makes a reduction in the output tax liability
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On 21 December 2018 at 13:37
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CA
600 Points Posted on 21 December 2018

18% u/s 50(1) of cgst act

 

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On 21 December 2018 at 13:38
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176 Points Posted on 21 December 2018
ok thank you dur
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On 21 December 2018 at 16:40


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