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,
\nSuppose we have not depsited tax on time then what is the interest rate that we will be liable to pay.
\nIs it 18% or 24%??
\nIf 18%, then when we got liable for 24%.
\nReply By YAGAY and SUN:
\nThe Reply:
\nInterest on Late GST Payment
\nAn interest of 18 percent is levied on the late payment of taxes under the GST regime. <\/p>\n
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