The Finance Department of Rajasthan on July 16, 2022 has issued the Rajasthan Goods and Services Tax (Amendment) Rules, 2022. The revised manner of calculating interest on delayed payment of tax is as follows:
“In case, where the supplies made during a tax period are declared by the registered person in the return for the said period and the said return is furnished after the due date, the interest on tax payable in respect of such supplies shall be calculated on the portion of tax which is paid by debiting the electronic cash ledger, for the period of delay in filing the said return beyond the due date, at such rate as may be notified.”
