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Rules for Interest Calculation
Sir, Is interest payable on Net of input tax credit or on total tax payable??? plz clarify..
Replies (6)
Query not cleared...
But, As per my assumption ...
Interest will be calculate on Outstanding Liability. It's mean
Output Tax (-) Input Tax = Liability...
Interest on Liability...
But, As per my assumption ...
Interest will be calculate on Outstanding Liability. It's mean
Output Tax (-) Input Tax = Liability...
Interest on Liability...
Sir my query is I have liability of 10,000/- on October. Now in December I want to show this liability but I have input tax credit of 15500 now how much interest I have to pay??
Ohh God...
What is Your actual Sales and Purchase on October...?
What is Your actual Sales and Purchase on December...?
Are You regular Dealer or Composition Dealer...?
If Regular dealer then Pay and File monthly mode for GSTR 3B and Payment also... 😇😇😇
What is Your actual Sales and Purchase on October...?
What is Your actual Sales and Purchase on December...?
Are You regular Dealer or Composition Dealer...?
If Regular dealer then Pay and File monthly mode for GSTR 3B and Payment also... 😇😇😇
As per proposed amendment, interest is to be paid on net tax[net of ITC]
internet to be paid on net tax liability
Thank you so much... but any notification on interest to be paid on net of tax plz reply
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