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2022 (3) TMI 1584 - HC - GSTEntitlement for interest on delayed payment of tax - levy of interest on the gross tax liability and not on the net cash - HELD THAT:- In view of the proviso to Section 50 of the CGST Act, the grievance of the petitioner as to levy of interest on the gross tax liability without reducing the input tax credit has been adhered to, which is not disputed by the learned Government Pleader, Commercial Tax. However, the details of interest to be paid by the petitioner, in terms of amended proviso to Section 50 of the CGST Act, has to be worked out by the concerned authorities. The Writ Petitions are allowed with a direction to the 1st respondent to calculate the interest to be paid after issuing notice to the petitioner and all concerned in terms of amended proviso to Section 50 of the CGST Act.
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