Interest on delayed payment of GST: CBIC

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..... Interest on delayed payment of GST: CBIC - Goods and Services Tax - GST Dated:- 26-8-2020 - News - The Central Board of Indirect Taxes Customs (CBIC) today clarified that the Notification No. 63/ .....

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..... 2020-Central Tax dated 25th August 2020 relating to interest on delayed payment of GST has been issued prospectively due to certain technical limitations. However, it has assured that no recoveries s .....

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..... hall be made for the past period as well by the Central and State tax administration in accordance with the decision taken in the 39th Meeting of GST Council. This will ensure full relief to the tax .....

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..... payers as decided by the GST Council. CBIC explanation came in response to an assortment of comments in the social media with respect to Notification dated 25th August 2020 regarding charging of in .....

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..... terest on delayed payment of GST on net liability (the tax liability discharged in cash) w.e.f. 1st September 2020. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanag .....

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..... ement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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