Once upon a time in Section 50 of CGST Act – The chronicle continues

Section 50 of the Central Goods and Services Tax Act, 2017 (‘the Act’) imposes interest ontax liability not discharged within the due dates prescribed in the law. As is the trend in GST, there has already been a history to the interest levy on either ‘net tax liability after input tax credit adjustment’ or on ‘gross tax liability’.

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