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2022 (1) TMI 951 - TELANGANA HIGH COURTInterpretation of Statute - Section 50 of The Central Goods and Services Tax Act, 2017 - Levy of interest - to be levied on gross returned income or on net cash amount? - HELD THAT:- In view of the amendment carried out, the proviso to Section 50 was substituted by Finance Act, 2021 with retrospective effect from 01.07.2017, the grievance of the petitioners has been redressed. However, the details of interest to be paid by the petitioners are required to be worked out by the concerned authorities as per the amended provision. In that view of the matter and having regard to the amendments carried out by the Finance Act, 2021, all the writ petitions are allowed - Decided in favor of petitioner.
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