Calculator Inputs
Specify interest metrics u/s 50 of the CGST Act.
Calculation Output
Proportional interest based on delays u/s 50.
Interest Payable
₹1,479.45
| Net Cash Tax Amount | ₹1,50,000 |
| Interest rate | 18% p.a. |
| Days delayed | 20 days |
| Interest Accrued | ₹1,479.45 |
| Total Cash Liability (Tax + Int) | ₹1,51,479.45 |
Section 50 Net Cash Interest Regulation
Under Section 50(1) of the CGST Act (retrospective amendment from July 1, 2017), interest is payable **only on the net cash liability** discharged through electronic cash ledger, provided the return is filed after the due date.
Interest is calculated as `(Net Tax × Rate × Days delayed) ÷ 365` where the standard interest rate is **18% p.a.** for late filing and **24% p.a.** for wrong availment and utilization of ITC.
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