WebTo solve this dilemma, the Central Board of Indirect Taxes has given effect to Section 100 of the Finance Act, 2024 from 1 st September 2024 to amend Section 50 of the CGST Act. … http://caportal.saginfotech.com/blog/gst-payment-and-late-payment-penalty-due-dates/
CA Arihant Pugalia on LinkedIn: #one_more_successfull_edit …
WebLet us assume the dashboard figures as applicable for IGST, CGST, SGST and the available Cess at Rs 200, CGST and SGST of Rs 600/- each and IGST as Rs 7,000/-. … Web21 jun. 2024 · Select Process on the ribbon and click on Bank Charges -> select Bank Charge code and system will calculate the GST on bank charge amount. External Document No. and GST Document Type fields should not be blank on Journal Bank Charges line. GST Credit, GST Group Code and HSN/SAC Code should not be blank on … havilah ravula
Calculation of Interest on Delayed Payment of GST (Rule 88B
Following are the steps to use the interest calculator: 1. State name : Select the State name from the drop-down provided with the list of States. 2. Turnover category :Select your Turnover category i.e the Aggregate Turnover of the business at the PAN level as per the previous financial year. 3. Tax … Meer weergeven Interest is applicable due to the late payment of GST. Interest has to be paid by every registered taxpayer who pays GST after the due date or claims excess Input Tax … Meer weergeven The ClearTax GST interest and late fee calculator enables taxpayers to easily arrive at the interest and late fee to be paid in case of late filing of returns. Due to the COVID-19 … Meer weergeven There are different cut-off dates for taxpayers with varying interest rates on GST late payment based on their turnover. However, by using this calculator, the taxpayers can get to know the amount of interest and … Meer weergeven Web25 jun. 2024 · Under GST there are 2 rates of interest have been prescribed which are as under: Interest u/s 50(1) of CGST Act: which deals with late payment of output tax … Web10 rijen · 18 jun. 2024 · Article explains Calculation of Interest on GST liability in following situations-1. Reduction in GST liability reported in GSTR 1 but correspondingly not … havilah seguros