interest is calculated on tax payable in cash or the gross tax (itc+csh) ?
***section 100 of Finance (No. 2) Act ,2019 **
Dear Sharma,
Interest will be calculated on Gross tax i.e,(Itc+Cash)
3 Replies
PC Sharma
(66 Points)
Replied 15 February 2020
Dear chowdary,
please clarify whether the provisions of section 100 of finance (no.2) act 2019 are into the force from jan 2020 , or not
please clarify whether the provisions of section 100 of finance (no.2) act 2019 are into the force from jan 2020 , or not
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 15 February 2020
Please refer to the notification below for your reference
https://cbic.gov.in/resources//htdocs-cbec/gst/notfctn-01-central-tax-english-2020.pdf
Recent Topics
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
Related Threads
CAclubindia
