GST - Interest on Delay Payment of Tax - Section 50

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Explanation in EASYWAY!!!!!!!!!!!!!!!

Section 50 – Interest calculation on delay payment of tax
Interest is payable when there is a delay in payment of Tax.
Rate of interest is 18% p.a.
Interest is payable from Date after the due date of payment till the date of actual payment of Tax. ( eg. If due date is 20th June, so interest calculation starts from 21st June)
Interest payable shall be debited to E-Credit Ledger.
Interest payable shall be discharged from E-Cash Ledger.
If registered person filed his return BELATEDLY – Interest is payable on Tax which is paid through E-Cash Ledger Only. (Net Cash Libility)

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Thankyou so much sir.. Concept explained perfectly.

shefaliprabhu
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Can u Please explanation of how to pay in gstr portal

nikitaadak
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Sir in which case is interest payable on gross tax liablity ?

aayush
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Mera aaya hai notice section 1 section 50 me kaise isko file kre online nhi show ho rha

opps