INTEREST ON LATE PAYMENT OF GST

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....NTEREST ON LATE PAYMENT OF GST<br> Query (Issue) Started By: - Preeti Sharma Dated:- 22-12-2017 Last Reply Date:- 25-12-2017 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Hello Experts, We....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 payment of GST. Can we pay now that interest? If ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 KASTURI SETHI: The Reply: You can pay interest now. It has to be pa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....id may be even one day. Reply By Preeti Sharma: The Reply: We paid &#8377; 83170/- tax for the m/o of Oct on Nov 22. Now after 1 month, if we pay Interest then it shall be levied only for 2 days. R....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ight? Intt = 83170*18%*2/365= &#8377; 82/- Am I right? Reply By CS SANJAY MALHOTRA: The Reply: Interest amount applicable for 2 days only and the same shall be debited and paid off in subsequent....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... month GSTR-3B return. Reply By Preeti Sharma: The Reply: Thanku Experts.<br> Discussion Forum - Knowledge Sharing ....