https://www.taxtmi.com/caselaws?id=378875 The court dismissed the writ petition, ruling that the liability to pay interest under Section 50(1) of the CGST Act, 2017, encompasses the total tax liability, not just the net tax liability after deducting Input Tax Credit (ITC). The court emphasized that interest is payable on the entire tax liability, including the ITC portion, as the credit entry in the electronic credit ledger and subsequent payment occur only upon filing the return. The court highlighted that the proposed amendment suggesting interest only on the net tax liability does not impact the current legal interpretation. en-us Thu, 18 Apr 2019 00:00:00 +0530 Sat, 21 Feb 2026 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378875 The court dismissed the writ petition, ruling that the liability to pay interest under Section 50(1) of the CGST Act, 2017, encompasses the total tax liability, not just the net tax liability after deducting Input Tax Credit (ITC). The court emphasized that interest is payable on the entire tax liability, including the ITC portion, as the credit entry in the electronic credit ledger and subsequent payment occur only upon filing the return. The court highlighted that the proposed amendment suggesting interest only on the net tax liability does not impact the current legal interpretation. Case-Laws GST Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378875