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of <h1>Amendment to Section 50: Interest on Late Tax Declared Supplies Charged Only on Cash Ledger Payments Per Clause 99.</h1> Clause 99 of the Finance (No. 2) Bill, 2019, proposes an amendment to section 50 of the Central Goods and Services Tax Act. It introduces a proviso that stipulates interest on tax payable for supplies declared late in a tax return will be charged only on the portion of tax paid through the electronic cash ledger. This applies unless the return is filed after proceedings under section 73 or 74 have begun, in which case the interest is charged differently.
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