Interest under s.50 on GST stops once tax deposited into government account; no interest accrues until return filed

Interest under s.50 on GST stops once tax deposited into government account; no interest accrues until return filedCase-LawsGSTHC held that under s.50, interest on GST accrues only until the liability crystallises on filing of the return in Form GSTR-3B o

Interest under s.50 on GST stops once tax deposited into government account; no interest accrues until return filed
Case-Laws
GST
HC held that under s.50, interest on GST accrues only until the liability crystallises on filing of the return in Form GSTR-3B or upon debit in the electronic cash ledger; however, where an assessee had deposited tax and interest which was immediately credited to the Government account and subsequently debited from the electronic cash ledger on filing the ret

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