What is last date for QRMP scheme payment for May month without Internet or penalty.
As 26th June is normal date..?
No interest till 10/7/21
Upto 25/7/21 it's 9% interest
Thereafter it's 18% interest
2 Replies
Imthias ahamed Kormath
(910 Points)
Replied 03 July 2021
My thought in the interest rate in the gst is that
Basically Gst is three tier system. maximum interest is 18%.
Igst on interstate and
Cgst and Sgst on intrastate respectively.
In a financial year which treated on the pending due as 6+6+6
In that financial year, no any igst due pending
it is treated as 6+6=12% on intrastate only.
If no any cgst,sgst due pending
it is treated as 6% only in financial year.
Now. Its faced as a difficult matter in the gst by traders and tax authorities.
Basically Gst is three tier system. maximum interest is 18%.
Igst on interstate and
Cgst and Sgst on intrastate respectively.
In a financial year which treated on the pending due as 6+6+6
In that financial year, no any igst due pending
it is treated as 6+6=12% on intrastate only.
If no any cgst,sgst due pending
it is treated as 6% only in financial year.
Now. Its faced as a difficult matter in the gst by traders and tax authorities.
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