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Intrest on tax deposited through itc
I have deposited my text through ITC and cash department implement interest on ITC also in which act of GST that tax not be calculated on tax deposited through ITC
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The Proviso under Section 50 of the CGST Act provides that when a registered person has paid his taxes through a return specified under Section 39 of CGST Act, 2017 belatedly, interest shall be applicable only on the net taxes paid through electronic cash ledger and not on the gross taxes paid for such tax periods.
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