Goods and Services Tax – Started By: – Yugank Goel – Dated:- 1-6-2018 Last Replied Date:- 8-6-2018 – Dear All,Suppose we have not depsited tax on time then what is the interest rate that we will be liable to pay.Is it 18% or 24%??If 18%, then when we got liable for 24%. – Reply By YAGAY and SUN – The Reply = Interest on Late GST PaymentAn interest of 18 percent is levied on the late payment of taxes under the GST regime. The interest would be levied for the days for which tax was not paid after
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