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MESSAGE BOARD

   

Interest on delayed payment of GST


interest on gross or net tax

simply well written article.

what is finally paid by the asseessee is the net tax only. hence the liability for delay should be on the net tax only.

it is the sheer failure on the part of the government that even after spending crores of rupees no proper software developed which could ensure that the portal accepts the amounts as tax as soon as it is reflected in the cash or credit ledger. why to wait for the filing of the return.service tax regim did it for decades.perhaps it might be the well thought strategy of the govt to harass people.

now they say amendment is proposed, at least bring it retrospectively. telangana high court decision has created chaos.

article has rightly brought the case laws and examples that it needs to be on net amount and tha too retrospectively

Navin Khandelwal 26/04/2019

 

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