Firm gets GST notice to pay up ‘Rs 5.9858630140000004’

Facing difficult under GST Act, the government seems to have become penny-wise as it is sending notices to taxpayers for dues as low as a few paise. At the same time, it has also been clarified by the government  that those filing returns after the due dates should also be paying interest on the taxes due and ordered recovery of Rs 46,000 crore as interest from those who filed their returns after the due dates. In some cases, taxpayers are receiving notices to pay interests which in some cases could be as low as Rs 2 or Rs 6. Ina notice sent to a brokerage firm, it has been asked to pay interest amount of Rs 5.9858630140000004, calculated as per provisions of section 50 of the CGST Act, 2017.”

https://www.businesstoday.in/current/economy-politics/gst-payers-receive-notices-for-non-payment-of-dues-as-low-as-rs-2/story/396564.html