When a person liable to pay tax under GST claims excess input tax credit or excess reduction in output tax liability, he shall pay interest not exceeding :

CS Executive · Tax Laws and Practice · PYQS · December 2017
When a person liable to pay tax under GST claims excess input tax credit or excess reduction in output tax liability, he shall pay interest not exceeding :
(A) 12%
(B) 15%
(C) 24%
(D) 21%

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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