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Unpaid interest is a dues amount like tax. It can be demanded through notices and recovered under the recovery provisions, including from bank accounts.
GST
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Unpaid interest is a dues amount like tax. It can be demanded through notices and recovered under the recovery provisions, including from bank accounts.
Sec 50(1), CGST Act 2017; Sec 73(1), CGST Act 2017; Sec 74A, CGST Act 2017
Interest that is clearly payable on admitted tax, such as for a late return, may be recovered without a separate notice in some cases, as courts have held for self-assessed tax. For disputed tax, interest follows the outcome. Pay admitted interest promptly. Keep track through the electronic liability register.
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