Articles

A GST return is a document that contains information about all income/ sales/expenses/purchases that a GST registered taxpayer is expected to report to the tax authorities. Tax authorities use this to compute net tax liability.

GST Return Filing: Interplay of GSTR-1, GSTR-3B, GSTR-2B and Tax Payment

Interest under GST can only be levied on the net tax liability and not on the gross tax liability

Judgement

Interest to be demanded only on Net Tax liability in Form DRC-07 instead of DRC-01

GST Charcha on Union Budget 2021 - Interest leviable only on Net Tax Liability

Interest to be charged on Net Tax liability w.e.f July 01, 2017 : Madras HC

News

Interest on delayed GST payment to be charged on Net tax liability As per recent news press release by CBIC, It has been clarified that, Int

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GST Return Filing: Interplay of GSTR-1, GSTR-3B, GSTR-2B and Tax Payment

Interest under GST can only be levied on the net tax liability and not on the gross tax liability

Interest to be demanded only on Net Tax liability in Form DRC-07 instead of DRC-01

GST Charcha on Union Budget 2021 - Interest leviable only on Net Tax Liability

Interest to be charged on Net Tax liability w.e.f July 01, 2017 : Madras HC

Interest on delayed GST payment to be charged on Net tax liability