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Rule 88B - Manner of calculating interest on delayed payment of tax - Central Goods and Services Tax Rules, 2017Extract ..... ated on the portion of tax which is paid by debiting the electronic cash ledger, for the period of delay in filing the said return beyond the due date, at such rate as may be notified under sub-section (1) of section 50. (2) In all other cases, where interest is payable in accordance with sub section (1) of section 50, the interest shall be calculated on the amount of tax which remains unpaid, for the period starting from the date on which such tax was due to be paid till the date such tax is pa ..... x x x x x Extracts x x x x x Rule 88B - Manner of calculating interest on delayed payment of tax - Central Goods and Services Tax Rules, 2017 x x x x x Extracts x x x x x ..... d. (2) the date of utilisation of such input tax credit shall be taken to be, - (a) the date, on which the return is due to be furnished under section 39 or the actual date of filing of the said return, whichever is earlier, if the balance in the electronic credit ledger falls below the amount of input tax credit wrongly availed, on account of payment of tax through the said return; or (b) the date of debit in the electronic credit ledger when the balance in the electronic credit ledger falls be ..... x x x x x Extracts x x x x x Rule 88B - Manner of calculating interest on delayed payment of tax - Central Goods and Services Tax Rules, 2017 x x x x x Extracts x x x x x
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