Goods and Services Tax

Interest on late payment of GST

Goods and Services Tax – Started By: – Kaustubh Karandikar – Dated:- 3-12-2018 Last Replied Date:- 6-12-2018 – 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 tax 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 CASush

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