banner_ad

Tax and Late fee under GST

311 views 1 replies
In some sections of Cgst act it is written that unpaid TAX and interest can be recoverd by taxpayers.


My question is whether the term 'TAX' includes 'LATE FEE'.

There is no definition of tax given in CGST Act.

In my opinion If section itself states that tax and interest can be recovered then in that case the term TAX is referred exclusively for TAX not for interest as well as for late fee.

Please guide n correct me if I am wrong.
Replies (1)

Tax does not include interest or late fees as the nature of these levies are to be understood. Interest and late fees both are in the nature of compensatory to the revenue. interest is compensation for delayed payment of tax while late fees is in the nature of penal provision in case of delayed filing of returns. 

even otherwise interest is levied on tax only. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details