Home Forum Goods and Services Tax - GST Month 9 2022 2022 (9) This
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levi of interest - Goods and Services Tax - GSTExtract respected sir, it is established principle and precedent of apex court is that , ' INTEREST IS COMPENSATORY IN NATURE '. and as of now this position is still continued .and then how govt can levi interest for non discloser or short disclosure of out put tax liability if there is continuous excess of input tax credit in electronic credit ledger and where there is no loss to govt which is consequent of short disclosure of out put tax liability and where there is no requirement to pay tax in cash .please discuss it in the light of amended rule 50 . thanking you
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