CBIC clarifies notification released on interest on net GST liability

Last updated: 26 August 2020

The CBIC had released a notification on the 25th of August saying that the interest on net GST liability will have a prospective effect from the 1st of September 2020. This led to confusion among the taxpayers as the notification was in contrary to the announcement made in 39th GST Council Meeting.

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Category GST   Report

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