Find
Interest at 18 percent a year applies on composition tax paid after the 18th of the month after the quarter.
GST
Interest on late CMP-08 payment
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Sec 50(1), CGST Act 2017; Rule 62, CGST Rules 2017
Analysis
Since composition tax is paid entirely in cash, interest is on the full tax. For ₹15,000 paid 25 days late, interest is about ₹185. Enter it in the interest field of CMP-08. Late filing also affects e-way bill access after two missed quarters.
Close
- Count days from the 18th.
- Compute 18 percent interest on the tax.
- Enter interest in CMP-08.
- Pay in cash.
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.