Late Filing of GSTR-3B for entire Financial Year except 2 months: Commercial Tax Officer of Karnataka imposes 18% interest on Net Tax Liability

By Navasree A.M - On August 16, 2023 2:22 pm - 2 mins read
Late Filing of GSTR-3B - Commercial Tax Officer of Karnataka - GSTR-3B - interest on Net Tax Liability - interest - taxscan

The Karnataka Commercial Tax Officer (CTO) has applied an 18% interest rate on the net tax liability due to the delayed submission of GSTR-3B for the complete 2017-18 fiscal year, excluding only August 2017 and March 2018 on Registered Taxable Person (RTP) who is providing of Chit Fund Services. Based on the information available, the…

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