Recovery of interest on gross tax liability would be unfair and improper by the assessing officers
Interest— Section 50 of CGST Act— In the instant case, issue is relating to interest for delay in payment of G.S.T.
the petitioner submits that insistence on recovery of interest on gross tax liability would be unfair and improper by the assessing officers in the light of the latest decision of the CBIC conveyed to all concerned.
Held that— Hon’ble Court has disposed of the petition in terms of the stand taken by the respondents through the administrative instruction of the CBIC on the question of recovery of interest for the period 1st July 2017 to 31st August 2020 on the net cash liability.
Recovery of interest on gross tax liability would be unfair and improper by the assessing officers
Interest— Section 50 of CGST Act— In the instant case, issue is relating to interest for delay in payment of G.S.T.
the petitioner submits that insistence on recovery of interest on gross tax liability would be unfair and improper by the assessing officers in the light of the latest decision of the CBIC conveyed to all concerned.
Held that— Hon’ble Court has disposed of the petition in terms of the stand taken by the respondents through the administrative instruction of the CBIC on the question of recovery of interest for the period 1st July 2017 to 31st August 2020 on the net cash liability.