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        Case ID :
        GST

        Interest on delayed payment of GST: CBIC

        August 26, 2020

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        The Central Board of Indirect Taxes & Customs (CBIC) today clarified that the Notification No. 63/2020-Central Tax dated 25th August 2020 relating to interest on delayed payment of GST has been issued prospectively due to certain technical limitations. However, it has assured that no recoveries shall be made for the past period as well by the Central and State tax administration in accordance with the decision taken in the 39th Meeting of GST Council. This will ensure full relief to the taxpayers as decided by the GST Council.

        CBIC explanation came in response to an assortment of comments in the social media with respect to Notification dated 25th August 2020 regarding charging of interest on delayed payment of GST on net liability (the tax liability discharged in cash) w.e.f. 1st September 2020.

        Interest on delayed GST payment applied prospectively; past-period recoveries will not be pursued, ensuring taxpayer relief. The notification changes interest computation to the net liability basis and has been issued for prospective application due to technical limitations; tax administrations will not pursue recoveries for prior periods, preserving the GST Council's decision to provide relief to taxpayers.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Interest on delayed GST payment applied prospectively; past-period recoveries will not be pursued, ensuring taxpayer relief.

                                The notification changes interest computation to the net liability basis and has been issued for prospective application due to technical limitations; tax administrations will not pursue recoveries for prior periods, preserving the GST Council's decision to provide relief to taxpayers.


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