We calculate Interest Separately for
CGST Payable
SGST Payable
IGST Payable
However Late fees we pay only for
CGST
SGST
Example
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Chapter 11 GST Interest and Late Fees Calculation
Last updated at Oct. 26, 2020 by Teachoo
We calculate Interest Separately for
CGST Payable
SGST Payable
IGST Payable
However Late fees we pay only for
CGST
SGST
Example
Solve all your doubts with Teachoo Black (new monthly pack available now!)
CGST Output SGST IGST Input GST Payable 10000 10000 30000 6000 6000 24000 4000 4000 6000 Interest Calculated for CGST SGST IGST Separately CGST SGST IGST 4000*18%*6/365 4000*18%*6/365 6000*18%*6/365 Late fees Calculated For CGST SGST only CGST SGST 6*25 6*25 (No Late fees of IGST) How is Interest Late fees Calculated for CGST SGST IGST Example Suppose our we are 6 Days late