Interest on Delayed Tax Payment Under CGST Act Not Applicable from Cash Ledger Deposit Date to Return Filing.
Case-Laws
GST
The High Court addressed the demand for interest u/s 50 of the Central Goods and Services Tax Act, 2017. It clarified that interest on delayed tax payment is not applicable from the date of deposit in the electronic cash ledger until the filing of the return. The Court emphasized that interest is compensatory and can only be imposed from the due date of tax payment
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