Supreme Court: Interest on Delayed GST Payment

The Supreme Court held that liability to pay interest under Section 50 of the GST Act arises automatically for delayed tax payment in a self-assessment case. The Court directed the notice to be returned in eight weeks with permission for dasti, and the counter affidavit to be filed within four weeks.

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The Supreme Court of India in 2021 (8) TMI 832 - SC Order, with Hon'ble Dr. Justice D.Y. Chandrachud and Hon'ble Mr. Justice M.R. Shah, noted that liability to pay interest under Section 50 of the GST Act arises automatically for delayed tax payment in a self-assessment case. Notice issued to be returned in eight weeks, with permission for dasti, and counter affidavit to be filed within four weeks.

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