WHILE TAX PAYER REVERSE HIS EXCESS CLAIMED ITC, SHOULD HE LIABLE TO PAY INTEREST THEREON ?
WHAT IS THE RATE OF INTEREST, 24% OR 18% ?
1 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 August 2019
As per Section 50 of CGST Act it's 24%
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