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
3 Replies
Sourav manik Banerjee
(41 Points)
Replied 07 January 2019
18 % on tax liability
or
18 % p.a. on tax liability???
or
18 % p.a. on tax liability???
CA Roopa Nayak
(Specialized in Indirect Taxes)
(6621 Points)
Replied 07 January 2019
It is to be computed at 18% on monthly basis till date of payment+ the filing of returns
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