24% Per Annum: This higher rate applies in cases of undue or excess claim of input tax credit (ITC) or reduction in the tax liability. 2. How Is Interest Calculated? The interest on late GST payments is calculated using the following formula: ...
Wise supports international transfers from India for education, travel, and medical purposes. You can conveniently make the transfer from home with a completely digital process andonline KYC. Send Money to USA with Wise When adding US recipient details while setting up your payment, you can select...
the total GST amount will be ₹180, split equally into CGST and SGST, i.e., ₹90 each. The seller collects ₹1,080 from the buyer, pays ₹90 to the Central Government, and ₹90 to the State Government. The seller can also claim input tax credit for the GST paid on purchas...
It is beyond doubt that in the present situation, a large number of exporters are struggling to claim the refunds of IGST that they had incurred on the exports they had carried out. These IGST's refunds are identified with the time of over a year since the presentation of the GST regime...
It is beyond doubt that in the present situation, a large number of exporters are struggling to claim the refunds of IGST that they had incurred on the exports they had carried out. These IGST's refunds are identified with the time of over a year since the presentation of the GST regime...