late payment of GST

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In case of late payment of GST thru DRC-03.
whether interest on tax to be calculated monthly
or
direct 18% on total tax value?
Replies (3)

interest = 18 % on tax liability

18 % on tax liability
or
18 % p.a. on tax liability???

It is to be computed at 18% on monthly basis till date of payment+ the filing of returns


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