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of <h1>GST Interest Recovery Clarified: Section 50 Amended for Net Cash Liability from July 2017 to August 2020; Notifications Paused.</h1> The circular addresses the recovery of interest on net cash tax liability under the GST framework, effective from July 1, 2017. Following recommendations from the GST Council, Section 50 of the CGST Act was amended to charge interest on net cash liability retrospectively. Notification No. 63/2020 was issued, effective September 1, 2020, leading to taxpayer concerns about its alignment with Council recommendations. To address this, administrative instructions were issued for recovering interest only on net cash tax liability for the period from July 1, 2017, to August 31, 2020, and to hold certain notices in abeyance pending legislative amendments.
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