Mr. X sold goods to Mr. Y on Jun-18
Product A 1,00,000 + Gst Rate 5 %
Product B 50,000+ Gst Rate 12 %
Product C 2,00,000 Gst Rate 18 %
Due date of Payment July-18 of Rs. 397,000/- of Total Invoice
But Actual date of Payment has Sep-18 With Interest Amt Rs. 12000/-
So Please tell me Whats Rate apply in Interest Amount
Thanks With Regards
Ravi SADhiyan
18% Interest, when Late Payment of Tax
24 % Interest When you take more input,
Arpan Bohra & Co
Hyderabad
CA Inter
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Varma Raja & Associates
Thrissur
CA Inter
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CCI
Pro
CAclubindia
