Wrongly paid interest on Gst tax liability of August 2017. But govt has waived interest for the month of August 2017.How can I adjust it against Gst tax liability of September 2017.
9 Replies
CA SUDHINDRA D S
(Practising CA)
(761 Points)
Replied 24 January 2018
Adjustment of interest paid against tax payable cannot be adjusted. Interest can be adjusted only against interest
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 24 January 2018
CLAIM IT AS REFUND VAI FILING REFUND APPLICATION ONLINE @ GST PORTAL
Manas Das
(1431 Points)
Replied 24 January 2018
if amount not significant you can leave as it is or else claim refund from cash ledger by filing online refund application
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 24 January 2018
| Originally posted by : Sujata Gurung | ||
 |
Wrongly paid interest on Gst tax liability of August 2017. But govt has waived interest for the month of August 2017.How can I adjust it against Gst tax liability of September 2017. |  |
From where you heard about interest waiver
Sujata Gurung
(29 Points)
Replied 24 January 2018
A local lawyer told that interest is not required to be paid
Manas Das
(1431 Points)
Replied 24 January 2018
please dont work with part time vat and lawyers who were practicing vat . get in touch with any CA firm. dont get into trouble
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 24 January 2018
| Originally posted by : Sujata Gurung | ||
|
A local lawyer told that interest is not required to be paid | |
Gov has waived only.late fee for the month of July to Sep. No interest is waived.
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 24 January 2018
| Originally posted by : Manas Das | ||
|
please dont work with part time vat and lawyers who were practicing vat . get in touch with any CA firm. dont get into trouble | |
people from ca fraternity has advised as above. We can not blame any one
Jay Shukla
(2 Points)
Replied 29 October 2020
I am working on a similar case. Can you pls let me know what all documents to submit for such refund application
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