We came to know that Calculation of GST Interest on Net Cash Liabilities w.e.f 1st July 2017
But GST department Claimed Interest from 1st July 2017 to 31st Mar ' 2019 on Full Liabilities
Please reply ,,, what is to do ???
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GST Claimed Interest on Full Liabilities instead Net Cash Liabilities
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Inter department also given instructions to department interest charge net tax liability for past year since July 2017 juridical outlook clarify net tax liability and financial act 2021 union budget announced interest charge on net tax liability ( net cash payment) that to retrospective but yet to be notified
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