Interest Waiver

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188 Points Posted on 26 January 2022

Was there any interest waiver notification for GST Liability for the Month of Jul-17, Aug-17, Sept-17.

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On 26 January 2022 at 12:47 Report
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This discussion clarifies that there was no interest waiver for GST liabilities during July, August, and September 2017. The Supreme Court has affirmed that interest on statutory payments, such as taxes, is a fundamental right of the government and cannot be waived.

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Co-Founder of Sublime Associates
256 Points Posted on 26 January 2022
Nothing
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On 26 January 2022 at 16:49
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GST Consultant
15986 Points Posted on 27 January 2022

Interest is not waived. It has been established by Supreme Court itself in the case of statutory payments like taxes interest is the right of government.

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On 27 January 2022 at 08:59

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