TMI BlogApplicability of interest on disputed GST amountX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, if I want to pay any GST liability which is disputed i.e not confirmed whether same is taxable or not. In order to avoid penal provisions I want to pay GST tax amount only. Whether I need to pay interest also. What plea I should taken to save interest amount. - Reply By Shilpi Jain - The Reply = You could consider paying it under protest. Though there is no specific provision under GST whi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch allows this., there is a view that payment under protest should be available. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = You have to pay the amount under intimation to the department that you paying the amount as DISPUTE. After the assessment made by the Assessing Officer, if there is any amount due to be paid the same should be paid with interest from the date of order to the date o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f payment. - Reply By KASTURI SETHI - The Reply = I support the views of both experts. I further opine that although FAQs say that there is no provision for payment of GST under protest but in my view erstwhile provisions are saved under Saving Section 174 of CGST Act . Saving Section protects the interest of both i.e. Assessees and Govt. Various courts accept the payment of tax under protest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . There is practice to this effect. The purpose of Under Protest is to provide natural justice to the assessee. If you pay tax under protest, it shows your bona fides and hence saves from penal action. No need to pay interest at present. However, interest can also be paid under protest. - Applicability of interest on disputed GST amount - Query Started By: - KARAN VERMA Dated:- 1-3-2021 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
