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Clarification on interest for delayed GST payment

by BQ News Bureau
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The Central Board of Indirect Taxes and Customs clarified that the Notification No. 63/2020-Central Tax dated August 25, 2020, relating to interest on delayed payment of GST has been issued prospectively due to certain technical limitations. However, it has assured that no recoveries shall be made for the past period. This will ensure full relief to taxpayers as decided by the GST Council.

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