Yesterday new judgement issued by Telangana and Andhra Pradesh High Court regarding Interest on gross liability. Section 50
Telangana and Andhra Pradesh High Court in M/s Megha Engineering and Infrastructures Ltd. v/s The Commissioner of central tax, Hyderabad, The Assistance Commissioner of central tax, Kukatpally and The Superintendent, O/O The Superintendent of central tax, Hyderabad on 18th April,2019
Sir just wanted to know that will we paid also interest on late filling of return 3B when we have no tax liability ( means 1000 rupees output liability and 2000 input liability) In this case we have no liability of Gst . But if we will file late return . Than will we alsp paid interest on gross liabilty with late fee.
CAclubindia
