Amendment to section 50 of CGST Act 2017 levying interest on net tax liability is effective from 1st July 2017

Abis Export India Private Limited Vs State of Chhattisgarh (Chhattisgarh High Court) Chhattisgarh High Court held that amendment to section 50 of the CGST Act, 2017, that interest shall be levied on that portion of tax paid by debiting the electronic cash ledger (i.e. net tax liability), is effective retrospectively from 1st July 2017. Facts- The petitioner’s company approached the authority showing the difference in its GSTR 1 & GSTR 3B and sought directions from the authorities about the mechanism to rectify its return, but on account of the non-availability of the mechanism, the retur...