Indian High Court Holds Interest Penalty Applies on Gross Late GST Payment without Deduction of Input GST
The High Court of Telangana recently issued a decision concerning late payment interest penalties for GST. The case involved a manufacturing company that had delayed filing GST returns for the period from October 2017 to May 2018. The company later filed returns and paid the outstanding GST due net of input GST, as well as an interest penalty for late payment calculated on the net GST amount. …
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