Demand on Audit
Anoop srivastava (223 Points)
22 February 2023Anoop srivastava (223 Points)
22 February 2023
RAJA
(accountant)
(118 Points)
Replied 22 February 2023
Anoop srivastava
(223 Points)
Replied 22 February 2023
CA Sachin M Jain
(CA | GST | Refunds | Advisory | Litigation)
(1337 Points)
Replied 22 February 2023
1. Interest is always to be paid through E-Cash ledger, ITC balance cannot be used for payment of Interest
2. Interest can be levied for delayed reporting and payment of GST even when paid through ITC
3. You need to understand the nature of demand raised by the GST officers, only then you can decide applicability of Interest on delay payments
For more details -
CA Sachin M Jain
8O975. l5447
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Anoop srivastava
(223 Points)
Replied 22 February 2023
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 29 April 2023