Interest applicability on late filling of GST returns

mathan kumar (accountant) (40 Points)

18 September 2023  

 

Hello sir/madam,

Practically, interest(18% per annum) will be applicable to return for late payment of tax. The best example is GSTR-3B.but why interest is applicable also for reconcile statements like GSTR-9C? And how to calculate gross total output tax liability on GSTR-9C?