Interest calculation on delayed payment of GST

Jatin (Accountant) (3479 Points)

29 September 2018  
How to calculate Interest on delayed payment of GST if

Output GST 100000

Input GST. 25000

Net GST Payable 75000 (not paid timely)

Which amount taken for interest calculation

Gross Output GST 100000

or

Net GST Payable. 75000