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2022 (9) TMI 935 - GUJARAT HIGH COURTLevy of interest on the delayed payment of tax, on the gross tax liability of the petitioners instead of net liability - section 50 of the Central Goods and Services Tax Act, 2017 - HELD THAT:- In view of the Notification No. 16 of 2021, the proviso which is substituted vide sub-section 50(1) of the CGST Act w.e.f. 1st day of July, 2017, therefore, would take care of the issue raised in this group of petitions of charging interest on the net GST liability instead of gross GST liability as calculated by respondent No.3. These petitions are disposed of as having become infructuous in view of the amendment of section 50(1) of the CGST Act by substituting the proviso w.e.f. 1st day of July,2017 as per section 112 of the Finance Act, 2021 which has been made effective vide Notification No. 16 of 2021 dated 01.06.2021.
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