Interest on late payment of GST

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..... XYZ making late payment of monthly GST and therefore liable to pay Interest. E.g. if he is paying GST today and total GST payable is ₹ 100/- while today he has got balance of unutilized input ta .....

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..... x credit of ₹ 80/-, therefore he will be paying ₹ 20/- in cash. As far as interest is concerned, he has to calculate on ₹ 100/- or only on ₹ 20/-? - Reply By CASusheel Gupta - .....

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..... The Reply = ₹ 100/- ₹ 80/- lying in credit ledger are treated as unutilized till set off on filing of GSTR 3B - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Interest is to be .....

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..... calculated on ₹ 100/- - Reply By KASTURI SETHI - The Reply = I support the views of both experts. - Reply By YAGAY andSUN - The Reply = Interest would be charged on ₹ 100/- - Interes .....

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..... t on late payment of GST - Query Started By: - Kaustubh Karandikar Dated:- 3-12-2018 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an exper .....

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..... t, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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