Net cash tax liability: administrative recovery applied retroactively, with SCNs issued on gross tax to be held. Interest recovery is to be applied on the net cash tax liability for 01.07.2017-31.08.2020 only, meaning the portion paid from or payable through the electronic cash ledger. Show-cause notices issued on gross tax liability are to be kept on hold pending a retrospective legislative amendment. Field formations must implement the net-cash approach and submit a register of SCNs kept on hold (zone, circle, ward, GSTIN, firm name, SCN date, amount involved, remarks) to the designated email within fifteen days.
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.
Net cash tax liability: administrative recovery applied retroactively, with SCNs issued on gross tax to be held.
Interest recovery is to be applied on the net cash tax liability for 01.07.2017-31.08.2020 only, meaning the portion paid from or payable through the electronic cash ledger. Show-cause notices issued on gross tax liability are to be kept on hold pending a retrospective legislative amendment. Field formations must implement the net-cash approach and submit a register of SCNs kept on hold (zone, circle, ward, GSTIN, firm name, SCN date, amount involved, remarks) to the designated email within fifteen days.
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