Tag: GST Interest Rates

GST Software
Updated on December 7th, 2018 in GST

Interest Rates Under GST Act

Applicability of Interest under GST:- SR.NO PARTICULARS SECTION GOVERNED INTEREST RATE (P.A) 1. Payment of Tax After Due Date 50(1) of GST Act 18% 2. Contravention output tax liability of the recipient in the return(Input Tax Credit has been claimed in excess or where it was not eligible to be claimed) 50(3) read with Section…