The Punjab State Power Corporation Limited (PSPCL) on September 25, 2024, issued a circular notifying GST due to late reporting regarding the prevention of unnecessary interest accrued in returns.
The following has been stated namely: -
• It provides a detailed breakdown of GST amounts for various offices, including the applicable tax rates for the month of August 2024.
• It states that to ensure timely GST deposit, all taxable transactions shall be entered into the GST software immediately, so they are reflected in the current month's return and prevent unnecessary interest payments.
Kindly refer to the attached document for the GST breakdown.
[Notification no. – 587/GST-118]
