can any one answer following
interest on service tax ,excise duty,sales tax etc.is it statutory dues attracting provision of 43B?
do we have to make payment this before the due date?
Sathish Karunakaran
(ACA)
(614 Points)
Replied 18 January 2009
Interest on overdue duty, tax ,cess is also a statutory liability as like duty, tax, cess. Hence provisions laid out in sec.43B shall apply for interest on statutory dues.
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