@ Sahil
Yes you are right. I realised it later. Any idea if what is already paid will be refunded to cash ledger?
Nikhil
(Practicing Chartered Accountant)
(26 Points)
Replied 03 January 2019
@ Sahil
Yes you are right. I realised it later. Any idea if what is already paid will be refunded to cash ledger?
Sahil Bhatia
(Practicing Chartered Accountant)
(290 Points)
Replied 03 January 2019
| Originally posted by : Nikhil | ||
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@ Sahil Yes you are right. I realised it later. Any idea if what is already paid will be refunded to cash ledger? |
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No, the penalty already paid won't be refunded like earlier. Because the notification said "returns yet to be filed". But i believe government will consider this issue in upcoming GST meet on 10th January. Still i don't think govt will refund penalty already paid because this decision is just to encourage compliance of all those taxpayers who haven't yet submitted their returns.
Also if you feel my reply helped then give it a 
CAclubindia
