As per section 50 of 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 t
CS Executive · Tax Laws and Practice · PYQS · December 2020
As per section 50 of 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 be not exceeding ______.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Interest and Penalty
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