CBIC announces interest rate reduction for late tax payment & wrongly availed ITC

Last updated: 06 July 2023

On the occasion of 6 years of GST, the CBIC clarifies that taxpayers are liable to pay interest only if they utilized the wrongly availed ITCfor the payment of GST liability. They announce a retrospective relief measure for taxpayers in this regard. This is a welcome relief for taxpayers who have
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Attached File : 671907_22406_14_2022_ct_eng.pdf
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