WHAT DO WE INFER FROM THE BELOW STATEMENT WHICH IS SHOWN UNDER comparative-summary-of-key-21-gst-amendments-as-passed-by-lok-sabha IN AUG 2018.
B. Proposal to delete interest applicability when GST ITC is reversed for non-payment of invoice amount after 6 months from date of invoice does not find place in the CGST Amendment Bill.
it is 18% not 24%, how is it 24%? plz explain
YES ITS 18% AS PER SECTION 50(1) CGST ACT
ITS PROPSAL ONLY NOT IN AMENDED ACT (NO.31 OF 2018) , DT. 29.8.18
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