GST- Goods And Service Tax
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Tax dues can be paid in installments now
GSTN Goods and Services Tax Network has enabled new functionality with which Taxpayers can apply for Payment of GST arrears in installments. In a recent case Gujrat High court allowed the payment of GST arrears in installments.
In GST Act there is a provision for such type of payment, with a condition which states if assessee fails to make a payment on its due date, the whole outstanding balance payable on such date shall become due and payable immediately, the assessee becomes liable for recovery without any notice being served in this regard.
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