Q 263. Where the tax liability as per the final assessment is higher than in provisional assessment, will the taxable person be liable to pay interest?

Print Friendly, PDF & Email

Ans. Yes. He will be liable to pay interest from the date the tax was due to be paid originally till the date of actual payment.   [ As per FAQ on GST published by NACEN ]     53…

This content is for annual and Semi Annual members only.
Log In Register