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TMI BlogINTEREST ON LATE PAYMENT OF GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Hello Experts, We paid GST For Oct Month on Nov 22 with late fee but did not pay interest on late payment. What are the consequences of non payment of interest on late paymen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of GST. Can we pay now that interest? If we pay now, then it shall be levied @ 18% p.a. for only 2 days? or more than that as there is a delay in paying Interest. - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... KASTURI SETHI - The Reply = You can pay interest now. It has to be paid may be even one day. - Reply By Preeti Sharma - The Reply = We paid ₹ 83170/- tax for the m/o of Oct on Nov 22. Now ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... after 1 month, if we pay Interest then it shall be levied only for 2 days. Right? Intt = 83170*18%*2/365= ₹ 82/- Am I right? - Reply By CS SANJAY MALHOTRA - The Reply = Interest amount app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... licable for 2 days only and the same shall be debited and paid off in subsequent month GSTR-3B return. - Reply By Preeti Sharma - The Reply = Thanku Experts. - INTEREST ON LATE PAYMENT OF GST - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query Started By: - Preeti Sharma Dated:- 22-12-2017 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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