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Interest is applicable or not
If i am filing GSTR 3B for the month of april 18 then interest is applicable or not on my tax lability.
Replies (6)
no interest will be calculated
Yes, interest is applicable @ 18%p.a.
Wheather there is input or tax payable for that month.
if tax payable then only interest will attract @ 18%
if tax payable then only interest will attract @ 18%
Interest applicable @ 18% p.a on tax liability.
late fee is waived off. not interest.
Thank to all for your answers
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