HC : Interest payable on total tax liability including ITC, rejects reliance on Council's recommendation

Apr 23,2019

HC dismisses assessee’s writ, holds that interest u/s 50 of CGST Act, 2017 is payable on total tax liability including a portion of which is liable to be set-off against ITC where the returns were filed belatedly; Rejects assessee’s reliance upon recommendations of GST Council made during its 31st meeting and contention that interest is to be calculated only on net tax liability after deducting ITC; Remarks that, “scheme of the Act makes a distinction between (i) t...

Subscription / Sales Enquiry

Contact Vidyadhar Mhatre at +91 93200 54016
Email - sales@taxsutra.com

Already a Subscriber?

Log in for complete access.

Log In