Interest on delay in GST filing/payment
This query is : Resolved
24 August 2022
Dear Expert,
We have received a notice to pay interest@18% on GST late filing/payment for the periods Aug'17,Sep'17,Oct'17,Nov17,Dec,17 and Jan'18.. How can we request the department to waive off such interest since the period began as soon as the GST Act was implemented.
Kindly do the needful
We have received a notice to pay interest@18% on GST late filing/payment for the periods Aug'17,Sep'17,Oct'17,Nov17,Dec,17 and Jan'18.. How can we request the department to waive off such interest since the period began as soon as the GST Act was implemented.
Kindly do the needful
24 August 2022
There is no recourse available as liability to pay interest under section 50 is automatic. only thing is that you need to pay only on net cash basis.
24 August 2022
Net cash basis means sir ??
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