Section 50- Interest on Net Liability- Gujarat HC Issues Notice to Govt

Flair Writing Industries Ltd. Vs Union of India (Gujarat High Court) The Gujarat High Court issued the notice to Government over constitutional validity of the proviso to Section 50 of CGST Act, 2017. The subject matter of challenge in the present litigation is to the constitutional validity of the proviso to Section 50 of the Central Goods and Services Tax Act, 2017 (for short “the Act, 2017”). Section 50 of the Act, 2017 is with regard to the interest on delayed payment of tax. Mr. Rastogi pointed out that while the writ applicant is required to furnish return every month as per the firs...