Home Forum Goods and Services Tax - GST Month 4 2019 2019 (4) This
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Whether interest liability as per Section 50 of CGST Act. - Goods and Services Tax - GSTExtract The CGST Range officer, while scrutiny of the GSTR-B returns for the period July-17 to Dec-2018 have observed and stated that my friend's firm has not discharged the interest liability on gross output liability, but paid on net output liability for the period from July, 2017 to Sept., 2017 i.e. for three months. We solicit your expert comment on such query as payment of interest liability is correct or otherwise with notification, clarification or council clarification supported with rulings thereon, if any. Since no such explanation has been provided as to the manner of discharge the liability of interest on outstanding output liability.
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