TaxTMI 
TaxTMI 
interest on gst liability
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....nterest on gst liability<br> Query (Issue) Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 14-7-2019 Last Reply Date:- 19-7-2019 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear Experts,....
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.... We have some query regarding payment of interest against the tax liability as narrated below. CGST SGST OUT PUT 10,000 10,000 Less: Input available against IGST 5,000 - ------------- -----------....
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....- Net liability 5,000 10,000 As per the recent amendment we have to adjust the IGST input first to CGST if any surplus only then we can adjust against SGST. In the above scenario if i calculate the ....
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....interest u/s 50 of GST Act and filing the return belatedly and while filling the challan, whatever the amount entering as interest in the cgst column the same is appearing in SGST also. whereas the in....
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....terest should have to be paid on 5000/- & 10000/- are CGST & SGST respectively. Thanks in Advance. Reply By KASTURI SETHI: The Reply: Wait for modification of software of Common Portal System. Fina....
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....ncial Bill, 19 still to be enacted. Reply By Ganeshan Kalyani: The Reply: The system is sometime not update as per the law. Reply By KASTURI SETHI: The Reply: In this context, Board's circular....
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.... no.98/17/2019-GST dated 23.4.19. It is necessary to go through.<br> Discussion Forum - Knowledge Sharing ....