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Interest on which amount in gst
please tell that interest applicable on total payable gst or on net payable after set off of ITC. If after set off of ITC no tax is payable so in that case interest is applicable?
Replies (5)
Quick Summary
Calculated on Net Liability of GST
That is After Set off of ITC.
Ok thanks
If no tax is payable after set off of ITC, then no interest can be levied.
Ok thanks
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