This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No section 50 interest on GST payment made through input tax credit
Case Law Details
- Case Name
- Maansarovar Motors Private Ltd. Vs Assistant Commissioner (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Maansarovar Motors Private Ltd. Vs Assistant Commissioner (Madras High Court)
Conclusion: Every person who is liable to pay tax in terms of the Act shall remit the tax either in cash or by way of adjustment of credit available in the Input Tax Credit (ITC) register. Where delay is made in remitting the tax, no interest under section 50 of CGST Act, 2017 would be chargeable in case payment of tax was made through input tax credit.
Held: Section 50 stated that every person who is liable to pay tax in terms of the Act shall remit the tax either in cash or by way of adjustment of ...
