Why Government cahrging Interest rate of 18% on delay of payment.

Sandeep Patil (7 Points)

04 January 2020  
The Government is a Ruling authority for determining Interest rate under GST. So why interest rate is only18% on delay of payment.It can be anything for eg 30%,40%,50% ......

What is the government logic to charging only 18%.

if anyone knows so please share with me.