Whether interest will be charged on gross OR net liability if liability is declared in subsequent month.
Proviso of 50(1) only talks about the liabilities of a tax period declared in the returns of the same tax period but after the due date
Menu
Query on sec 50b of gst
Replies (1)
interest to be charged on net liability which is to be paid through cash in that particular month
Recent Threads
- Gst rate and Sac code or RCM attract
- Poll: Do you spend > 30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
Related Threads
CAclubindia
