Case Law Details
Case Name : Arya Cotton Industries & Anr. Vs Union of India & Anr. (Gujarat High Court)
Related Assessment Year :
Courts :
All High Courts Gujarat High Court
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Arya Cotton Industries & Anr. Vs Union of India & Anr. (Gujarat High Court)
Section 50 of CGST Act provides for interest on delayed payment of tax. Proviso to Section 50(1) refers to interest on tax payable in respect of supplies made during a tax period and declaring the return for the said period furnished after the due date in accordance with the provisions of Section 39 shall be payable on the portion of the tax which is paid by debit in electric cash ledger. It appears that the respondents have literally interpreted the words “interest shall be payable on that portion of the tax...
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Author Bio
sir I had paid gst in cash ledger but set off after 2yrs in 3b . now officer charged interest on late sett off. can I get relief out of this ruling.