GST: Interest leviable despite Availability of Credit in Cash/Credit Ledgers if No Payment was Made

India Yamaha Motor [P] Ltd Vs. Assistant Commissioner & Ors (Madras High Court) GST: Interest Is Leviable When No Payment Is Made – Availability Of Credit In Cash/Credit Ledgers Is Not Sufficient- Madras High Court The Hon’ble High Court of Madras in India Yamaha Motor [P] Ltd Vs. the Assistant Commissioner & Ors (WP.No.19044 of 2019 & WMP.No.18404 of 2019 dated: 29.08.2022) ruled that in a case where tax has not been remitted, interest U/s. 50 of the GST Acts is leviable even if the tax payer has adequate credit in his cash ledger or credit ledger. In essence, credit cannot be...