Administrative instructions for recovery of interest on net cash tax liability w.e.f. 01.07.2017

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..... State Tax, Commercial Taxes Department, Subject: Administrative instructions for recovery of interest on net cash tax liability w.e.f. 01.07.2017. On the captioned subject, based on the recommendations of the 35th meeting of the GST Council held on 21 st June, 2019, the provision of section 50 was amended vide section 10 of the Rajasthan Goods and Services Tax (Amendmen .....

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..... prehensions raised by taxpayers that the said notification is issued contrary to the Council's recommendation to charge interest on net cash liability w.e.f. 01.07.2017. Consequently, a press release, dated 26.08.2020 was issued by Centre to clarify the position. Further, in order to implement the decision of the Council in its true spirit, and at the same time working within the present legal .....

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..... S.No. Circle Ward GSTIN Name of firm Date of SCN issued Amount involved (Rs. in lacs) Remarks if any All Additional Commi .....

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