Hi all,
I have the following doubt on calculating interest for the tax liability.
Let consider tax amount is 10000 & ITC available is 5000.
Should I calculate interest after reducing ITC or should calculate interest for full tax amount of 10000
Thanks in adavnce
please read before proceeding https://gstindianews.info/gst-late-fees-returns-payments-wrong-itc-reversal-notifications/#grossnet
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