INTEREST RATE ON GST
subhagan sreerangam (7059 Points)
18 December 2019
Intrest calcution on GST for belated filing returns in calculated Gross tax or Net tax is applicable.?
3 Replies
Pankaj Rawat
(GST Practitioner)
(55062 Points)
Replied 18 December 2019
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.
subhagan sreerangam
(7059 Points)
Replied 19 December 2019
Please clarify the query Whether Gross Tax or Net tax Applicable for interest?
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