Case Law Details
Case Name : KLT Automotive and Tubular Products Ltd. Vs Union of India (Bombay High Court)
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All High Courts Bombay High Court
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KLT Automotive and Tubular Products Ltd. Vs Vikram Nankani (Bombay High Court)
The issue under consideration is whether interest under section 50 of the Central Goods and Service Tax Act, 2017 is to be levied on the gross tax liability?
High Court states that, recommendation was made for making the amendment to section 50 retrospectively with effect from 01.07.2017. It is stated that retrospective amendment in the GST laws would be carried out in the due course through suitable legislation. After issuance of the notification dated 25.08.2020, views were expressed by tax payers that the said no...
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