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?
interest = 18 % on tax liability
Sourav manik Banerjee (41 Points)
07 January 2019
Sourav manik Banerjee
(41 Points)
Replied 07 January 2019
CA Roopa Nayak
(Specialized in Indirect Taxes)
(6616 Points)
Replied 07 January 2019
It is to be computed at 18% on monthly basis till date of payment+ the filing of returns
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
