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GST - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Liability to pay interest u/s 50 on Net Tax liability or Gross ...


GST Interest Liability Clarified: Pay Interest on Net Tax Liability, Not Gross, Per CBIC Instructions Dated September 18, 2020.

November 2, 2020

Case Laws     GST     HC

Liability to pay interest u/s 50 on Net Tax liability or Gross tax (GST) without adjustment of ITC - The present writ petition is disposed of in accordance with the Administrative Instruction dated 18th September, 2020 issued by the Ministry of Finance through the CBIC - HC

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