(10). There is no specific mention of Interest on Unutilized Credit reversal. Rules marked regarding charging of Interest as per rate section 50 (1) but the rule cannot override the section in which there is no Interest mention on reversal of unutilised ITC. Mismatching of Section and Rules ...
In addition, the interest rate has just been halved to 9 percent that is applicable specifically “for a delay in payment” up to 15 days for GST assessees (with a turnover of over Rs 5 crore). And those businesses with a turnover of up to Rs 5 crore shall not have any responsibil...
17. The maximum interest rate risk which the aforesaid scheme can take would be in terms of the Weighted Average Macaulay Duration of the scheme and the same shall be ≤ 3 years. The maximum Weighted Average Credit Risk which the aforesaid scheme can take wo...
b. What is the effective annual rate on this loan? You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest) Loan $865,000 Interest R...