Thursday, 29 June 2017

Interest on delay payment of GST

  • Interest on Delay Payment of GST                      -18% p.a.

  • Interest on Excess claim of Input Tax Credit      - 24% p.a.
        or                                                                       
      Undue/Excess Reduction in Output Liability
  •  Interest on Refund to be paid by Govt.             - 6% p.a.


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