Gst Interest Rates For Late Payment Of Tax And Excess Utilisation Of Input Tax Credit

watch_later 3 years, 1 month ago

What is the interest rate for late payment of GST and also if one has taken excess input credit by mistake.

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1 Answer

GST Payer watch_later 3 years, 1 month ago

Interest rate for late payment of GST tax to government is 18% P.A.

Interest rate on wrong utilisation of GST input credit is 24% PA.

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