Interest on Net Tax Liability under GST - Retrospective amendment & its consequences

CA Venkatprasad Pasupuleti , Last updated: 28 April 2021  
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Background: The interest liability for any belated remittance is an economic consequence. The tax laws are no exception to this rule. GST law provides for interest @18% on the delayed remittance of the tax after due date. However, there was an ambiguity as to whether the interest has to be paid o

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CA Venkatprasad Pasupuleti
(CA)
Category GST   Report

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