whether interest is to be paid when i have not filed the return on due time and if there is enough itc
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Adjustment of ITC
Replies (9)
No
interest will not be paid.
but you have to pay late filing fees
interest will not be paid.
but you have to pay late filing fees
but someone says that adjustment of itc is also a payment.
Late Fee is applicable if You are not filed Your return On or before due date...
Interest applicable only for outstanding delayed payments...
Interest applicable only for outstanding delayed payments...
I had not filed return for last 6 month, i am teady to pay late fees. i want to know whether interest is to be paid in the output tax even if my input tax is greater then output tax in every month?
No... If Your Input Tax is more than Output Tax then no need to pay Interest...
Note : The Details will be Calculate every month. Can't based on Consolidated...
Note : The Details will be Calculate every month. Can't based on Consolidated...
whether any clarification is there for the same?
No more clarification if You file correctly.
Agree with Mr. Raja P M Sir, rightly suggested
he has file return on regularly
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