<h1>CBIC Clarifies Notification No. 63/2020: Interest on Delayed GST Payments Applies Prospectively from September 1, 2020, No Past Recoveries.</h1> The Central Board of Indirect Taxes and Customs (CBIC) clarified that Notification No. 63/2020-Central Tax, concerning interest on delayed GST payments, is issued prospectively due to technical limitations. No recoveries for past periods will be made by tax administrations, aligning with the GST Council's 39th meeting decision to provide full relief to taxpayers. This clarification addresses social media comments on the notification, which specifies that interest on delayed GST payments will apply to net liability from September 1, 2020.