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of <h1>Rule 88B: Interest on late GST payments calculated on electronic cash ledger, unpaid tax, or wrongly availed input tax credit.</h1> Rule 88B of the Central Goods and Services Tax Rules, 2017, outlines the calculation of interest on delayed tax payments. If a registered person files a tax return late, interest is calculated on the tax paid via the electronic cash ledger for the delay period, excluding amounts credited before the due date. In other cases, interest is on unpaid tax from the due date until payment. For wrongly availed input tax credit, interest is calculated from its utilization until reversal or tax payment. Utilization occurs when the electronic credit ledger balance falls below the wrongly availed credit amount.
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