Sir/Madam , from what date interest under section 50(1) of Cgst act @ 18% will be calculated?
Whether from the original due date of 3B for that month
or
Whether from extended due date, as in few cases CBIC has extended the due date.
Eg: During 2017-18, Cbic has extended the due date to 23rd or 25th of the next month to file 3B.
Kindly assist.
Thanks in advance.
If due dates have been extended, the interest will be calculated from the extended due date till the date of actual filing.
CAclubindia
