ASMT-12 issues regarding

[Sudhir Kumar]

Can department issue ASMT-12 if the tax-payer pay the demanded tax amount but not paid the interest thereon. Please guide.

AI Summary

Can Tax Department Issue ASMT-12 If Tax Paid But Not Interest? Rule 99 Clarifies Interest Must Be Paid. A discussion on a forum addressed whether the tax department can issue ASMT-12 if a taxpayer pays the demanded tax but not the interest. A participant clarified that under Rule 99 of the CGST Rules, interest must be paid. Another inquired if a taxpayer can promise to pay interest later, to which it was advised that an extension might be sought on valid grounds. It was highlighted that officers have no discretion to waive or reduce interest under GST laws, and this is a common misconception among taxpayers.