GUJARAT GOODS SERVICE TAX ACT, 2017

Section 50

Interest on delayed payment of tax - Interest levied on gross tax liability instead of net liability - Effect of retrospective amendment in section 50(1) -

Interest was levied on the ground of delayed payment of tax as per section 50 on the gross tax liability of petitioner instead of net liability. Assessee submitted that the interest shall be charged only on the net liability after taking into account the admissible credit i.e. the amount payable to electronic cash ledger and in view of the amendment brought by the Finance Act, 2021, section 50 of the CGST Act had been amended to take care of the grievances of the assessee. Held: As section 50(1) was amended which would redress the grievance raised by assessee of charging the interest on the gross amount of GST liability, petition was disposed of as infructuous.

REFERRED :

FAVOUR : Petition disposed off.

A.Y. :

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