Interest on Net Tax Liability under GST - Light at the end of the Tunnel?

CA Venkatprasad Pasupuleti , Last updated: 12 September 2020  
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The interest liability for any belated remittance is an economic consequence. The tax laws are no exception to this rule. GST law provides for interest @18% on the delayed remittance of the tax after due date. A question was raised as to whether the interest has to be paid on Gross Tax liability

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CA Venkatprasad Pasupuleti
(CA)
Category GST   Report

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