https://www.taxtmi.com/caselaws?id=386717 Interest on delayed GST returns was contested on the basis that input tax credit represents tax already paid and should not attract interest before the monthly return due date. The applicable Central and State GST interest provisions, along with the proposed Finance (No. 2) Act, 2019 amendment, were considered in relation to the contention that interest liability operates automatically. Because the interest computation sheet had not been disclosed, the calculation and demand required further examination. A supplementary affidavit was permitted, and further hearing was directed without any final determination on input tax credit entitlement or interest liability. en-us Fri, 20 Sep 2019 00:00:00 +0530 Wed, 12 Mar 2025 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386717 Interest on delayed GST returns was contested on the basis that input tax credit represents tax already paid and should not attract interest before the monthly return due date. The applicable Central and State GST interest provisions, along with the proposed Finance (No. 2) Act, 2019 amendment, were considered in relation to the contention that interest liability operates automatically. Because the interest computation sheet had not been disclosed, the calculation and demand required further examination. A supplementary affidavit was permitted, and further hearing was directed without any final determination on input tax credit entitlement or interest liability. Case-Laws GST Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386717