https://www.taxtmi.com/caselaws?id=386717 The article addresses whether input tax credit may be availed before the due date of the monthly GST return without attracting interest under section 50, and whether the demand for interest required further scrutiny. It notes the petitioner's contention that input tax credit is merely credit of tax already paid and that interest should not apply, while the State relied on the automatic character of interest under the GST provisions. Because the interest computation sheet was not disclosed, the court did not finally determine entitlement to input tax credit or the levy of interest and directed further hearing after a supplementary affidavit. 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 The article addresses whether input tax credit may be availed before the due date of the monthly GST return without attracting interest under section 50, and whether the demand for interest required further scrutiny. It notes the petitioner's contention that input tax credit is merely credit of tax already paid and that interest should not apply, while the State relied on the automatic character of interest under the GST provisions. Because the interest computation sheet was not disclosed, the court did not finally determine entitlement to input tax credit or the levy of interest and directed further hearing after a supplementary affidavit. Case-Laws GST Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386717