Interest is chargeable on net GST Liability from 1st Sept 2020 and not from July 2017 | GST Notification 63/2020

GST Notification 63/2020-Central Tax ,dt. 25-08-2020

In 39th council meeting it was annouced that interest will be charged on net GST liability retrospectively from July 2017. However, CBIC via notification 63/2020 has notified that interest is charged on net GST liability from 1st September, 2020

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