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2018 (2) TMI 194 - HC - GSTLiability of interest - The demand raised by the respondent was accepted by the petitioner and the same was also duly paid. However, the petitioner is still liable to pay interest thereon. Thesaid amount comes to ₹ 3,48,735/- - The petitioner is permitted to remit the said amount to therespondent in five equal monthly instalments. The first instalment shall commence from 01.02.2018 - petition disposed off.
The High Court of Madras heard a case regarding interest tax. The petitioner accepted and paid the tax demand but still owes interest of Rs. 3,48,735. The petitioner will pay the balance of Rs. 2,61,535 in five monthly instalments starting from 01.02.2018. The Writ Petition was disposed of with no costs.
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