Interest on late filing of GST Returns
Query (Issue) Started By: – Ravikumar Doddi Dated:- 15-12-2018 Last Reply Date:- 15-12-2018 Goods and Services Tax – GST
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GST
Dear sir,
Kindly clarify that interest on late filing of returns is it on gross payable or net payable ( after deducting ITC), Section 50 says liable to pay tax. Any how if there is no ITC it is gross,when it is ITC failed to file before prescribed date shall we calculate on gross or net. Rate of interest how
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