GST -Section 50 CGST Act, 2017 – Interest liability for delayed payment of GST on net cash tax liability

Prasanna Kumar Bisoi Vs  Union of India  (Orissa High Court) In a recent ruling passed by Hon’ble Orissa high court, held that w.r.t. interest liability for delayed payment of GST under Section 50(1) of the CGST Act, 2017, is required to be paid on net cash tax liability in view of the decision taken by the GST council in its 39th Meeting held on 14 March 2020.  The summary of the case is enumerated herein below: Facts of the case: The grievance of the petitioner in this Writ Petition was that he is registered under Central Goods and Service Tax. He had filed the GST returns for the fina...