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Wednesday, 13 July 2022

MAX INTEREST IN GST IS NOW 18%? - YES!

MAX INTEREST IN GST IS NOW 18%? - YES!

amendment to 50(3) has been notified wref 1-7-17. 13-2017 CT has been amended wref 1-7-17 with INT RATE for 50(3) @ 18% in Sec. 116, 119 & 122 of FA,2022 dated 30-3-22.

Mute question is, can refund be filled for earlier Interest paid @24%? 

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