23 March 2013
dear experts, in case if service is provided and bill is not issued within 30 days as per rules. then whether as per rules only interest will be payable on that or penalty is also applicable?
This is the clear position of law that penalty can only be levied only after issuing the notice. The purpose of penalty is to punish the person in default and when you yourself are correcting the mistake then the question of penalty do nor arise.
CAclubindia
