GST interest rate on reversal of GST Input
This query is : Resolved
29 June 2022
what will be the GST interest rate on reversal of GST input.
29 June 2022
The rate of interest will be for wrongly availed and utilised ITC is 24%.
The same have been recently reduced by the GST council from 24% to 18% with retrospective effect. But the effective notification is yet to come
The same have been recently reduced by the GST council from 24% to 18% with retrospective effect. But the effective notification is yet to come
29 June 2022
The rate of interest will be for wrongly availed and utilised ITC is 24%.
The same have been recently reduced by the GST council from 24% to 18% with retrospective effect. But the effective notification is yet to come
The same have been recently reduced by the GST council from 24% to 18% with retrospective effect. But the effective notification is yet to come
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