Suppose Mr. Z has a credit of ` 15 lakhs in his ITC ledger and at the same time, he has an interest arrears dues of ` 16 Lakhs and penalty dues of ` 12 lakhs. If so, how much Mr. Z has to deposit to settle the above interest and penalty dues?

Related MCQs

• Suppose Mr. Y has a IGST credit of ` 14 lakhs in his ITC ledger and at the same time, he has a IGST liability of ` 7 lakhs, CGST liability of ` 8 lakhs and SGST liability of ` 5 lakhs. What an amount should be deposited by Mr.Y to his E-Cash ledger maintained at the GSTN portal?
• Suppose Mr. X has a SGST credit of ` 10 lakhs in his ITC ledger and at the same time, he has a CGST output liability of ` 7 lakhs. What an amount should be deposited by Mr. X to his E-Cash ledger maintained at the GSTN portal
• Input Tax credit as credited in Electronic Credit ledger can be utilized for
• What is deemed to be the date of deposit in the electronic cash ledger?
• What is the rate of interest in case of undue or excess claim of ITC ?
• For certain Special category States, the reduced limit of ` 75 lakhs for opting composition scheme is available. The reduced limit of ` 75 Lakhs is not available for?
• Maximum time limit for availing ITC is
• Madhan is located in Chennai. He has a branch office in Cochin. He wants to transfer goods. His turnover was always below ` 10 lakhs. His registration under GST is
• What gets debited to the electronic credit ledger?
• Balance in electronic credit ledger can be utilized against which liability?