Penalty and Interest Rate from Current Financial year

Mohit Chaudhary (Student) (142 Points)

07 June 2018  
As per my knowledge the Interest rate for Not filling of the GST Returns are:-

Normal Return Rs 50/- per Day total (CGST+ SGST)

Nil Return Rs 20 per Day total of (CGST + SGST)

Interest Rate is as follows

Tax paid after due date is 18 %

Excess ITC claimed or reduction in Output tax is 24 %

My query is that I require a confirmation on the same from you to be sure on that.

Thank You