GST- Interest on ITC wrongly availed but not utilised
Section 50 of the CGST Act, 2017 deals with Interest on delayed payment of tax. Sub-section 3 of it says that a taxable person who makes an undue or excess claim of input tax credit or excess reduction in output tax liability , shall pay interest on such undue or excess claim or on such …
GST- Interest on ITC wrongly availed but not utilised Read More »
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