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Section 50 - Interest on delayed payment of tax. - CENTRAL GOODS AND SERVICES TAX ACT, 2017Extract ..... terest on tax payable in respect of supplies made during a tax period and declared in the return for the said period furnished after the due date in accordance with the provisions of section 39, except where such return is furnished after commencement of any proceedings under section 73 or section 74 in respect of the said period, shall be payable on that portion of the tax which is paid by debiting the electronic cash ledger. ] (2) The interest under sub-section (1) shall be calculated, in such ..... x x x x x Extracts x x x x x Section 50 - Interest on delayed payment of tax. - CENTRAL GOODS AND SERVICES TAX ACT, 2017 x x x x x Extracts x x x x x ..... shed after commencement of any proceedings under section 73 or section 74 in respect of the said period, shall be levied on that portion of the tax that is paid by debiting the electronic cash ledger. ] 3. Substituted vide Finance Act, 2022 w.e.f. 01.07.2017 to be notified w.e.f. 05-07-2022 before it was read as, (3) A taxable person who makes an undue or excess claim of input tax credit under sub-section (10) of section 42 or undue or excess reduction in output tax liability under sub-section ( ..... x x x x x Extracts x x x x x Section 50 - Interest on delayed payment of tax. - CENTRAL GOODS AND SERVICES TAX ACT, 2017 x x x x x Extracts x x x x x
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