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DEEPAK BHAIKHEL

GST interest on delay payment

Government is asking for an interest on delay of payment of GST @18% (Please clarify is it 12 or 18% p.a.). Whether it is calculated on daily basis or we have to pay 1.5% on monthly basis.If there is a delay of merely 3 days should we pay interest for whole month @1.5% more  

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SANDEEP GOKHALE
Till Government does not streamline Refund process, I believe they should not be charging any penal interest either for delayed payment up to a week at least. Is there no accountability for delay on govt side. Why only tax payer is penalized for delay? more  
Shyamsundar Joshi
govt has brought his GST in haste and hurry and for SME it is big task and finding it very difficult and need to pay hefty fees to experts like CA's/Tax consultants and without understanding facts some people comment it is simple & good tax but in reality it is complex in nature !! secondly till the people get adjusted to this new system govt should not levy any penalty/interest !! more  
Krishna Prasad
Int @ 18% PA on calculated/applicable on daily basis more  
B.S. KAMATH
Govt is like a mosquito sucking the blood in the name of GST and interest more  
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