High Court Rules Interest on Delayed GST Payment via Credit Adjustments u/s 50 Should Be Set Aside.

Levy of Interest in terms of tax to be remitted by adjustment of credit available in the electronic register - Section 50 of the Central Goods and Services Tax Act, 2017 - There interest on delayed payment of GST in cash is OK - the balance of the interest towards tax liability by adjustment of credit is liable to be set aside - HC .....

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