Case Law Details
M/s. Landmark Lifestyle Vs. Union Of India & Ors. (Delhi High Court)
Delhi High Court has granted stay from recovery of interest demanded on gross GST liability till next hearing to be held in 30th Sept 2019 – Advocate J K Mittal represented the petitioner.
1. Exemption allowed, subject to all just exceptions.
2. Mr. Mittal points out that the calculation of the interest payable for delayed payment of GST as determined by the Respondent is erroneous. According to him, interest has been calculated even on the amount constituting the input tax credit which is in fact to be adjusted against the tax liability. He states that on the actual tax liability, interest has been paid by the Petitioner. He further states that against the total tax liability of Rs.3.31 crores the interest liability works out to 8.19 crores which makes it unreasonable and erroneous.
3. Notice. Mr. Harpreet Singh, Advocate accepts notice for the Respondents.
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Sir , can you please update on the judgement in this case ?
pls do update about the judgment