i have paid GST after due date. that case can i liable to pay inrerest on RCM.
plz clarify.
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 November 2019
Yes... Interest is applicable and payable for the liability of rcm if it's not paid on or before due date...
Raksha
(Student CA Final )
(397 Points)
Replied 02 December 2019
As per section 50 you are liable to pay interest @ 18% per annum on delayed payment of GST which includes RCM!
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