What is the rate of interest as per Rule 37(3) applicable in case of reversal of ITC in case of non-payment of consideration within 180 days.
A. 5% p.a.
B. 10% p.a.
C. 12% p.a.
D. 18% p.a.
Answer:D
What is the rate of interest as per Rule 37(3) applicable in case of reversal of ITC in case of non-payment of consideration within 180 days.
A. 5% p.a. B. 10% p.a. C. 12% p.a. D. 18% p.a.