Interest on net cash tax liability to be recovered administratively; notices based on gross liability to be held pending amendment. Field formations are instructed to recover interest only on the net cash tax liability - i.e., tax paid by debiting the electronic cash ledger or payable through the cash ledger - for the earlier GST period; show cause notices issued on gross tax payable should be kept in the call book pending the retrospective amendment of section 50.
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Interest on net cash tax liability to be recovered administratively; notices based on gross liability to be held pending amendment.
Field formations are instructed to recover interest only on the net cash tax liability - i.e., tax paid by debiting the electronic cash ledger or payable through the cash ledger - for the earlier GST period; show cause notices issued on gross tax payable should be kept in the call book pending the retrospective amendment of section 50.
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