https://www.taxtmi.com/acts?id=40870 Interest on delayed payment of GST is calculated according to the nature of the default and the manner in which tax or input tax credit is adjusted. For belated returns declaring supplies of a tax period, interest is confined to the portion of tax paid by debiting the electronic cash ledger during the period of delay, subject to an exclusion for amounts already lying in the cash ledger before the due date. In other cases, interest applies to unpaid tax until payment, and for wrongly availed and utilised input tax credit, interest runs from the date of utilisation until reversal or payment. en-us Wed, 06 Jul 2022 14:46:24 +0530 Sat, 27 Jun 2026 13:41:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40870 Interest on delayed payment of GST is calculated according to the nature of the default and the manner in which tax or input tax credit is adjusted. For belated returns declaring supplies of a tax period, interest is confined to the portion of tax paid by debiting the electronic cash ledger during the period of delay, subject to an exclusion for amounts already lying in the cash ledger before the due date. In other cases, interest applies to unpaid tax until payment, and for wrongly availed and utilised input tax credit, interest runs from the date of utilisation until reversal or payment. Act-Rules GST Wed, 06 Jul 2022 14:46:24 +0530 https://www.taxtmi.com/acts?id=40870