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of <h1>Interest on Late Tax Returns Limited to Electronic Cash Ledger Under Amended Section 50 of GST Act</h1> Section 50 of the Central Goods and Services Tax Act has been amended to include a proviso that specifies the conditions under which interest on tax payable will be levied. If a tax return for a period is filed late, interest will only be charged on the portion of tax paid through the electronic cash ledger, unless the return is filed after proceedings under sections 73 or 74 have commenced. This amendment took effect on September 1, 2020, as per Notification No. 63/2020-Central Tax.
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