work contract tax
rupam (articleship) (35 Points)
12 September 2017
what happen if company doesn't deposit work contract tax on time??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170564 Points)
Replied 12 September 2017
Liable to pay interest for late payment...... and penalty for non-payment........
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170564 Points)
Replied 12 September 2017
Every person who is liable to pay tax under GST fails to pay the tax or any part thereof to the Government within the due date; he shall pay, on his own, interest at eighteen per cent per annum on outstanding tax liability.
Further, the interest shall be calculated from the day succeeding the day on which such tax was due to be paid
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
