https://www.taxtmi.com/article/detailed?id=8319 Interest liability arises only when an amount is payable through the electronic cash ledger; mere erroneous availment of input tax credit that remains unutilized and is reversed within the electronic credit ledger does not trigger interest. The proper measure is interest on the net cash tax liability after taking admissible input tax credit into account, reflecting administrative intent to limit interest to amounts payable from the electronic cash ledger. en-us Fri, 11 Jan 2019 10:14:44 +0530 Fri, 11 Jan 2019 10:14:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8319 Interest liability arises only when an amount is payable through the electronic cash ledger; mere erroneous availment of input tax credit that remains unutilized and is reversed within the electronic credit ledger does not trigger interest. The proper measure is interest on the net cash tax liability after taking admissible input tax credit into account, reflecting administrative intent to limit interest to amounts payable from the electronic cash ledger. Articles Goods and Services Tax - GST Fri, 11 Jan 2019 10:14:44 +0530 https://www.taxtmi.com/article/detailed?id=8319