GST Interest 24% situations
This query is : Resolved
26 October 2020
Dear Experts,
Kindly explain on which situations GST interest 24% will attract.
Regards,
Rakesh Sharma
Kindly explain on which situations GST interest 24% will attract.
Regards,
Rakesh Sharma
26 October 2020
24% interest only gets attracted reversal of ITC arising out of mismatches in invoices between supplier and recipient under section 42 and 43 by following specified procedure.
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