Why we pay tax on income....?

S ELAVARASI

ACCOUNTANT

1542 Points Posted on 26 September 2017

Originally posted by : S ELAVARASI
	Dear MR DHIRAJLAL RAMBHIA Sir., Please one more reply... I will pay the Interest & Late fee to GST for late filing and Late payment... Late Payment is today Rs. 1000 (CGST 500 & SGST 500. Liability Payment Rs. 58550 + 4848 (RCM) = 63398... I will pay the Interest 18% (5Days) Rs. 156. Am I right...? If yes, How to I pay the Interest Rs. 156...? Can I divided 2 (CGST & SGST) Please kindly clarify my doubt...

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121546 Points Posted on 26 September 2017

Actually, no rule works under GST........ Just follow the utility as designed by GST and pay as per the demand of the utility calculation........... otherwise, Government had declared that for 2 months of GSTN 3B filling....... there would be no penalty or interest !!!

anshul aggarwal

Consultant

816 Points Posted on 26 September 2017

There will no penalty but govt has not waived interest

S ELAVARASI

ACCOUNTANT

1542 Points Posted on 26 September 2017

Thank you for the reply Sir.,

I'm relaxed now for no more interest...

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 26 September 2017

Yes...
I agreed with Mr Dhirajlal Rambhia Sir opinion...
Interest and Penalty is not levied for two months. Late fee only attracted in GST returns now....

Thank you for the Confirmation Dear Sir....

anshul aggarwal

Consultant

816 Points Posted on 26 September 2017

Do you have any notification for waiver of interest. Mr. Jaitley said in his interview that only penalty has been waived off. Interest @ 18% is still applicable