Late payment of GST amount
Query (Issue) Started By: – Yugank Goel Dated:- 1-6-2018 Last Reply Date:- 8-6-2018 Goods and Services Tax – GST
Got 3 Replies
GST
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 Payment
An interest of 18 percent is levied on the late payment of taxes under the GST regime.
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