You are here: Home » Economy & Policy » News
Indian Railways drops extra charges for large goods moving through DFCs
450 infrastructure projects show cost overruns of Rs 4.28 trillion: Report
Business Standard

Gujarat HC serves notice on Centre over interest on delayed payments

Earlier, the GST Council had decided that interest up to 18 per cent would be levied only on delayed payment through cash ledger and not via input tax credit

Topics
Gujarat High Court | payments | input tax credit

BS Reporter 



budget, deficit, fical, investment, expenditure, revenue, gst, taxes, shortfall, bonds, equity, shares, stocks, deals, cash, funds, income
Simply put, interest would be levied on a net basis, not gross. The government notified this decision later

The (HC) has served notices on the Union government, the Goods & Services Tax (GST) Council, and the Central Board of Indirect Taxes and Customs over the issue of charging interest on delayed payment of taxes under GST.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, January 27 2021. 00:02 IST

RECOMMENDED FOR YOU

.