What will be maximum rate of interest, if a taxable person who makes an undue or excess claim of input tax credit or undue or excess reduction in output tax liability?

CS Executive · Tax Laws and Practice · PYQS · June 2021
What will be maximum rate of interest, if a taxable person who makes an undue or excess claim of input tax credit or undue or excess reduction in output tax liability?
(A) 12%
(B) 18%
(C) 24%
(D) 36%

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic