LIABILITY
subhagan sreerangam (7059 Points)
25 September 2018
GST interest liability both on Tax dues and late fee.Please clarify.
3 Replies
vijay mariyala
(Job)
(126 Points)
Replied 25 September 2018
As per sec 50 of CGST Act, interest is leviable only on unpaid tax amount. So interest is levied on unpaid tax dues only.
K P S Group
(247 Points)
Replied 26 September 2018
Very nice Mr. Vijay Mariyala it's good to convey the best answer
Recent Topics
- How much can US citizen take from India USD
- Whether IT4 (Fy-24/25) can be used to report LTCG
- Foreign Remittance amount
- TDS on provisions by client resulting in higher tu
- Guidance Requested: Best Books & Info for CS Pa
- Navigating GST Notices: When 'Lapses' Aren't 'Frau
- Query on POS in GST
- Merger – Filing of ITRs and Section 170A Com
- OCI ( Overseas Citizen of India ) buying property
- Initial Foreign Investment in a private limited co
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
