Turnover of the entity in FY-2018-19 was nil but in FY-2019-20 is Rs.14 crore.
I just want to know the interest rate on GST liability of March 2020 if paid before June end. And from which date interest will be calculated?
Thanks in advance
NIL Rate of interest if March 2020 return is filed within 15 days after 20 April.
9% interest if interest if return is filed after 15 days but before 30 June 2020. In this case, interest will be calculated from 16th day. Interest for first 15 days will be NIL.
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