Jeetu Kodwani (article) (266 Points)23 August 2021
is there any relief for interest on delay payment of RCM ??
my client is liable to pay GST on transportation charges incurred in 2018-19, he has not paid at that time,
now department has raised issue during departmental audit to pay GST with interest and allows to take credit of tax part,
my view is client is also eligible for ITC on above GST,
so there is no revenue loss for government,
we are paying late but ITC claim is also after payment.
is there any relief for interest??