alleryStart learning →Interest on a TCS mismatch added to a supplier's liability follows which provision?
ASection 50(1)
BSection 54(1)
CSection 73(1)
DSection 62(1)
Answer & Solution
Correct answer: A. Section 50(1)
The supplier pays the tax with interest at the rate specified under sub-section (1) of section 50.
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Related questions
Under section 53, CGST credit used for IGST dues makes central tax collected?When central tax credit pays IGST, the Centre transfers the sum to which account?The power to collect TCS operates without prejudice to what?Rectification of a TCS statement is barred after the due date of which month?Who claims credit in the cash ledger of the amount an operator collected?The operator's annual TCS statement is due before which date after the year ends?Within how many days after month-end must the operator pay collected TCS?TCS is charged on net value of taxable supplies, which means supplies less what?