ravi charan (Taxation excutive) (121 Points)
11 September 2012Sir, We have workedout diff duty along with interest on 01.09.2012 and discharged diff duty on same day. Interest was not paid because my boss is saying present we dont have PLA balance and same thing there is no provision to pay interest on delay payment of interest.
His view is correct or not ? if not pls provide reference.
Tnaks in advance.........
ravi charan
(Taxation excutive)
(121 Points)
Replied 18 September 2012
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 19 September 2012
on paying the final duty, the assesee has to issue suplimentary invoice, and the date of last invoice will be considered for final (difference in duty) amount.
ravi charan
(Taxation excutive)
(121 Points)
Replied 19 September 2012
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 19 September 2012
not needed to go such indepth,
pay both and file return, if department will find it inappropriate, then they will ask you for the diff, as in corporates the person incharge calculate upto the date but the cheque is issued few days later, again challan deposited few days later, so its not possible to take always "few days later provision" in hand, so better you file the return and let department ask for the diff, as it would be fixed and would allow you some week time to pay the same.
CAclubindia
