Stay order on the demand notice issued by Department over payment of interest on gross tax liability.
Section 50 of the CGST Act, 2017—Interest -- The petitioner challenged recovery of notice on gross amount.
Held that:- The Hon’ble High Court issued notice to the respondents returnable on 22.04.2020. Till the next date, no coercive action shall be taken against the Petitioner for non-payment of interest on the gross amount, provided the interest on the net amount payable after adjustment of ITC lying to the credit of the Petitioner is made.
Stay order on the demand notice issued by Department over payment of interest on gross tax liability.
Section 50 of the CGST Act, 2017—Interest -- The petitioner challenged recovery of notice on gross amount.
Held that:- The Hon’ble High Court issued notice to the respondents returnable on 22.04.2020. Till the next date, no coercive action shall be taken against the Petitioner for non-payment of interest on the gross amount, provided the interest on the net amount payable after adjustment of ITC lying to the credit of the Petitioner is made.