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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Taxpayers Can Pay Dues in 24 Monthly Installments Under Karnataka GST Act 2017, Section 50 Interest Applies</h1> Under the Karnataka Goods and Services Tax Act, 2017, a taxable person may apply to the Commissioner to pay due amounts, excluding self-assessed liabilities, in monthly installments up to twenty-four months. This extension is contingent upon the payment of interest under section 50 and adherence to prescribed conditions. If the taxpayer defaults on any installment, the remaining balance becomes immediately payable and subject to recovery without further notice.
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