INTEREST RATE ON GST

18 December 2019

Intrest calcution on GST for belated filing returns in calculated Gross tax or Net tax is applicable.?

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3 Replies

SRIDARAN V (55 Points)
Replied 18 December 2019

After adjustment of ITC.
Net tax paid in cash

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 18 December 2019

Dear , it's on Gross

Interest on Net liability being inserted in section 50 of GST Act vide Finance (No.2) Act 2019, but yet to be notified.

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subhagan sreerangam (7054 Points)
Replied 19 December 2019

Please clarify the query Whether Gross Tax or Net tax Applicable for interest?

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