what is rate of intrest

08 January 2019

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8 Replies

PRASANT BISOYI (261 Points)
Replied 08 January 2019

As per sec 50, the rate of interest should be 18 percent.

CA Roopa Nayak (Specialized in Indirect Taxes) (6726 Points)
Replied 08 January 2019

Tax rate is 18% pa for delayed payment of GST

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 08 January 2019

@ Mr Shanthkumar.,

What is Your exact Query...?

Interest rate....?!!
Which type of interest...?!

Can You elaborate...?!

2 Like

Sanjiv Rajpoot (3430 Points)
Replied 08 January 2019

if you have excess claim of itc then interst rate 24%

pritesh (CA Final student) (7101 Points)
Replied 09 January 2019

please elaborate your question

manoj (student) (5205 Points)
Replied 09 January 2019

please elaborate your quarry which interest you are asking

Er Shokeen Khan (8 Points)
Replied 28 February 2019

will interest be applicable if I have set of GST liability by ITC utilisation

Ashish Agarwal (8 Points)
Replied 04 June 2019

oo
in

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