Interest on late payment of GST

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....nterest on late payment of GST<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 3-12-2018 Last Reply Date:- 6-12-2018 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>XYZ making late....

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.... payment of monthly GST and therefore liable to pay Interest. E.g. if he is paying GST today and total GST payable is &#8377; 100/- while today he has got balance of unutilized input tax credit of &#8....

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....377; 80/-, therefore he will be paying &#8377; 20/- in cash. As far as interest is concerned, he has to calculate on &#8377; 100/- or only on &#8377; 20/-? Reply By CASusheel Gupta: The Reply: &#837....

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....7; 100/- &#8377; 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 calculated on &#8377; 100/-....

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.... Reply By KASTURI SETHI: The Reply: I support the views of both experts. Reply By YAGAY andSUN: The Reply: Interest would be charged on &#8377; 100/-<br> Discussion Forum - Knowledge Sharing ....