Since the issue relating to payment of interest on the Net Tax Liability stands settled in view of the administrative instructions of Central Board of Indirect Taxes and Customs dated 18th September, 2020, the instant writ petition is dismissed as withdrawn.
Section 50 of the CGST Act — Interest –- The petitioner sought quashing the impugned Circular dated 10-02-2020 issued by CBIC; quashing the impugned Demand Notice dated 14/17-02-2020. The counsel for the petitioner sought permission to withdraw the writ application on instruction since the issue relating to payment of interest on the Net Tax Liability stands settled in view of the administrative instructions of CBIC dated 18th September, 2020. The counsel for the respondent did not object.
Held that:- The Hon’ble High Court dismissed the instant writ petition as withdrawn.
Since the issue relating to payment of interest on the Net Tax Liability stands settled in view of the administrative instructions of Central Board of Indirect Taxes and Customs dated 18th September, 2020, the instant writ petition is dismissed as withdrawn.
Section 50 of the CGST Act — Interest –- The petitioner sought quashing the impugned Circular dated 10-02-2020 issued by CBIC; quashing the impugned Demand Notice dated 14/17-02-2020. The counsel for the petitioner sought permission to withdraw the writ application on instruction since the issue relating to payment of interest on the Net Tax Liability stands settled in view of the administrative instructions of CBIC dated 18th September, 2020. The counsel for the respondent did not object.
Held that:- The Hon’ble High Court dismissed the instant writ petition as withdrawn.