Search results
constituted under section 109; (10) ―appointed day‖ means the date on which the provisions of this Act shall come into force; (11) ―assessment‖ means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment;
26 sty 2022 · Interest provisions in GST law are covered under section 50(1) and section 50(3) of Central Goods and Services Tax Act, 2017. Section 50. Interest on delayed payment of tax;
26 wrz 2022 · According to section 50 (1) of the Central Goods and Services Tax (CGST) Act 2017, the taxpayer should pay interest on GST liability if the following instances: Fails to pay such GST within the period as stipulated above. Makes short payment for the GST.
An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental thereto. Ministry:
28 mar 2024 · Section 50 of CGST 2017 provides for interest on delayed payment of tax. Recently, we have discussed in detail section 49 (Payment of tax, interest, penalty and other amounts) of CGST Act 2017. Today, we learn the provisions of section 50 of Central GST Act 2017 as amended by the Finance Act 2022.
11 lut 2023 · Section 50 of the act provides to charge interest on all delayed payment of tax irrespective of fact that said amount is stayed or not. There is no exemption to interest on the amount stayed by authorities under the act. Hence, every person is liable to pay interest on delayed payment of stayed tax.
