Levy of Interest on belated payments - Section 50 of CGST Act - ...

GST

February 18, 2020

Levy of Interest on belated payments - Section 50 of CGST Act - Proviso to Section 50(1), as per which interest shall be levied only on that part of the tax which is paid in cash, has been inserted with effect from 01.08.2019, but clearly seeks to correct an anomaly in the provision as it existed prior to such insertion. It should thus be read as clarificatory and operative retrospectively. - HC

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Levy of Interest on belated payments - Section 50 of CGST Act - ...

GST

February 18, 2020

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