respected sir ,
in recent judgement in
ARYA COTTON INDUSTRIES & ANR. Versus UNION OF INDIA & ANR. honorable gujarath high court taken the view that ,interest under sec 50 should be levied after considering the date of cash deposited and available in cash ledger only. even FORM-DRC-03 filed in later date . and considered the date of deposit of cash in to cash ledger is the date of discharge of gst liability in other words ,( considering filing of FORM DRC-03 is as just book adjustment ) interest will not be leviable to the extent of cash available in cash ledger. even FORM-DRC-03 filed in later date.
in GST ACT input tax credit or ITC laying in electronic credit ledger is equal to cash laying in cash ledger . then , same logic should apply to electronic credit ledger also. in my opinion in any instance of levy of interest under sec 50, interest should be calculated after deducting amount available in cash ledger and credit ledger also.
i request all honorable members to discuss.