Reverse Charge u/s 66A: Automatic Interest Liability for Payment Defaults in Revenue Neutral Transactions. https://www.taxtmi.com/highlights?id=6482 Reverse charge u/s 66A - revenue neutral - When a tax liability arises it should be discharged in time. If there is a default, then liability to interest is automatic and consequential - AT en-us Mon, 14 Jan 2013 17:13:20 +0530 Mon, 14 Jan 2013 17:13:20 +0530 TaxTMI RSS Generator Reverse Charge u/s 66A: Automatic Interest Liability for Payment Defaults in Revenue Neutral Transactions. https://www.taxtmi.com/highlights?id=6482 Reverse charge u/s 66A - revenue neutral - When a tax liability arises it should be discharged in time. If there is a default, then liability to interest is automatic and consequential - AT Highlights Service Tax Mon, 14 Jan 2013 17:13:20 +0530 https://www.taxtmi.com/highlights?id=6482