INTEREST RATE ON GST
Intrest calcution on GST for belated filing returns in calculated Gross tax or Net tax is applicable.?
Replies (3)
After adjustment of ITC.
Net tax paid in cash
Net tax paid in cash
Dear , it's on Gross
Interest on Net liability being inserted in section 50 of GST Act vide Finance (No.2) Act 2019, but yet to be notified.
Interest on Net liability being inserted in section 50 of GST Act vide Finance (No.2) Act 2019, but yet to be notified.
Please clarify the query Whether Gross Tax or Net tax Applicable for interest?
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