TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Rajasthan Amends Section 50 of GST Act: Interest on Net Cash Liability Retroactive from July 2017.</h1> The Government of Rajasthan's Commercial Tax Department issued administrative instructions regarding the recovery of interest on net cash tax liability effective from July 1, 2017. Following recommendations from the GST Council's 35th and 39th meetings, section 50 of the Rajasthan GST Act was amended to charge interest on net cash liabilities retrospectively from July 1, 2017. A notification dated August 26, 2020, clarified the implementation, instructing field formations to recover interest on net cash tax liability for the period from July 1, 2017, to August 31, 2020. Show Cause Notices issued on gross tax payable are to be held until the retrospective amendment is enacted.
TaxTMI 
TaxTMI 
