9911796707
TMI Blog2021 (12) TMI 521X X X X Extracts X X X X X X X X Extracts X X X X ..... y against the last installment - In default of payment of any installment within the time permitted, the balance amount then due will become automatically payable and it will be open to the CGST authorities to proceed for realization thereof in accordance with law. It is made clear that the interest that is required to be paid by this order and after the completion of the installments payment i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Respondent (s) : Dr. N. Mozika, SC, CGST with Ms. L. Jana, Adv. JUDGMENT At the behest of the Court, the parties have agreed in principle to the form of the order, but have left the modalities to be worked out by the Court. 2. The appellants accept the figures indicated in the letter dated December 3, 2021 issued by the Assistant Commissioner, CGST, Shillong, Division II to the Ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ggering ₹ 43,49,50,071/- and the appellants seek to pay off such amount, subject to the adjustment on account of the appeals and ITC, in 24 monthly installments. 5. The entire amount of ₹ 43,49,50,071/- should be paid off by the appellants in 24 equal or nearly equal monthly installments beginning December 15, 2021 and payable by the 15th day of the 23 succeeding months. 6. The a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for payment of installments in terms of this order. 9. It is made clear that the interest that is required to be paid by this order and after the completion of the installments payment in terms of this order will be calculated on reducing balance basis in respect of the tax due component and not in any respect of the penalty or interest already added into the figure of ₹ 43,49,50,071/-. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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