i forgot to mention a bill liability in july 2017 which i showed in the month of sep 2018. what will be the interest to be paid.
and will i have to pay the tax in cash or it will be adjusted against itc
Menu
INTEREST ON GST
Replies (3)
Interest to be paid @ 18% p.a.. Interest has to be paid in cash. Tax liability can be either adjusted with itc or pay in cash
will the ininterest be calculated from 1 april 19 to till now because of the due date of that f.y. was 31 march 19
Interest will be paid from due date of filing of july 2017 return to the date you filed your sep 2018 return.
I dont remeber exactly but july 2017 return due date was extended by around two months.
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
