Posted On : 20 February 2026
Interest on Late of Payment of Liablity
Respected Sir,
I have a query kindly guide me in this, For Example
Mr. A has missed to show Turnover of 1,00,000 in FY 2022-23. But, While filling Annual Return he found and declared that in Annual return and made Payment Voluntarily through DRC 03 on 22.02.2024 from Credit Ledger. And throughout the Period he has sufficient Credit Ledger Balance.
Here My Question is, Is Interest applicable on Gross liablity or Not ?