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
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
