The Madras High Court has held that the liability to pay the interest on delayed tax is an automatic liability but the quantification cannot be unilateral. The High Court cannot determine the quantity of interest. The case was that after the introduction of GST basically three types of returns are to be filed. GSTR-1 is […]
The post Liability to Pay Interest on Delayed Tax is an Automatic Liability, but Court can’t quantify the Interest: Madras HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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