1st Sep 2020 notified as effective date for charging interest on net GST Liability- Leads to more confusion among taxpayers

Last updated: 26 August 2020


The GST Council in its 39th GST Council Meeting had notified that the interest will be chargeable on the net GST liability and that too with retrospective effect that is July 2017. However, as per the latest notification, 1/09/2020 has been notified as to the effective date for the same. The notific

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