Why we pay tax on income....?

Page no : 2

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 26 September 2017

Originally posted by : S ELAVARASI
	Dear MR DHIRAJLAL RAMBHIA Sir., Please one more reply... I will pay the Interest & Late fee to GST for late filing and Late payment... Late Payment is today Rs. 1000 (CGST 500 & SGST 500. Liability Payment Rs. 58550 + 4848 (RCM) = 63398... I will pay the Interest 18% (5Days) Rs. 156. Am I right...? If yes, How to I pay the Interest Rs. 156...? Can I divided 2 (CGST & SGST) Please kindly clarify my doubt...

Upgrade to CAclubindia Pro. Subscribe Now!

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177824 Points)
Replied 26 September 2017

Actually, no rule works under GST........ Just follow the utility as designed by GST and pay as per the demand of the utility calculation........... otherwise, Government had declared that for 2 months of GSTN 3B filling....... there would be no penalty or interest !!!

2 Like

anshul aggarwal (Consultant) (1074 Points)
Replied 26 September 2017

There will no penalty but govt has not waived interest

1 Like

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 26 September 2017

Thank you for the reply Sir.,

I'm relaxed now for no more interest...

1 Like

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 September 2017

Yes...
I agreed with Mr Dhirajlal Rambhia Sir opinion...
Interest and Penalty is not levied for two months. Late fee only attracted in GST returns now....

Thank you for the Confirmation Dear Sir....

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

anshul aggarwal (Consultant) (1074 Points)
Replied 26 September 2017

Do you have any notification for waiver of interest. Mr. Jaitley said in his interview that only penalty has been waived off. Interest @ 18% is still applicable