As per section 50 of the CGST Act, 2017 interest not exceeding ............ calculated from the next day of the due date has to be paid for delay of payment. Interest on undue or excess claim of ITC or excess reduction i
CS Executive · Tax Laws and Practice · PYQS · December 2021
As per section 50 of the CGST Act, 2017 interest not exceeding ............ calculated from the next day of the due date has to be paid for delay of payment. Interest on undue or excess claim of ITC or excess reduction in output tax liability shall not be exceeding ............
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: GST
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