interest is calculated on tax payable in cash or the gross tax (itc+csh) ?
***section 100 of Finance (No. 2) Act ,2019 **
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Interest on tax
Replies (3)
Dear Sharma,
Interest will be calculated on Gross tax i.e,(Itc+Cash)
Interest will be calculated on Gross tax i.e,(Itc+Cash)
Dear chowdary,
please clarify whether the provisions of section 100 of finance (no.2) act 2019 are into the force from jan 2020 , or not
please clarify whether the provisions of section 100 of finance (no.2) act 2019 are into the force from jan 2020 , or not
Please refer to the notification below for your reference
https://cbic.gov.in/resources//htdocs-cbec/gst/notfctn-01-central-tax-english-2020.pdf
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