Interest On Delayed Payments Applicable Only On Net Liability, Says GST Council
An employee displays a receipt book showing a store’s goods and services tax identification number (GSTIN) in an arranged photograph in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Interest On Delayed Payments Applicable Only On Net Liability, Says GST Council

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In a big relief for businesses, the Goods and Services Tax Council has said that interest on delayed payments of GST would be applicable only on the net cash tax liability after deduction of availa...
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