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 return, the tax liability stood discharged as of the deposit date and no interest could be levied from the date of deposit until filing of the return/DRC-03. The petition of the assessee was allowed and the respondents' claim for interest accruing after deposit was rejected.
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