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Interest on belated cash remittance under GST is compensatory and mandatory: Madras HC

Provisions of section 42 provide for a notice to be issued by Assessing Authority in case of mismatch of particulars at end of assessee, vis-a-vis, particulars/details furnished in returns of selling/purchasing dealer and can only be invoked in a situation where mismatch is on account of error in database of revenue or a mistake that has been occasioned at end of revenue

Source: taxmann.com

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