A taxable person failed to pay tax and / or file returns on time. He s – McqOptions

MCQOPTIONS

1.	A taxable person failed to pay tax and / or file returns on time. He should pay interest on ?
A.	Gross tax payable
B.	Gross tax payable and input credit claimed
C.	Net tax payable i.e. amount to be paid after ITC set off
D.	No interest payable, if reasonable cause is shown
Answer» B. Gross tax payable and input credit claimed

Discussion

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