https://www.taxtmi.com/article/detailed?id=8973 Demand notices claiming interest on delayed GST payment computed on gross liability before availment of Input Tax Credit are challenged by the view that the proviso inserted by subsequent finance legislation is clarificatory and retrospective, confining interest to the cash portion of tax after accounting for ITC; where the Department already holds equivalent credit, there is no deprivation warranting interest, making demands on gross tax legally questionable. en-us Thu, 27 Feb 2020 06:46:55 +0530 Thu, 27 Feb 2020 06:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8973 Demand notices claiming interest on delayed GST payment computed on gross liability before availment of Input Tax Credit are challenged by the view that the proviso inserted by subsequent finance legislation is clarificatory and retrospective, confining interest to the cash portion of tax after accounting for ITC; where the Department already holds equivalent credit, there is no deprivation warranting interest, making demands on gross tax legally questionable. Articles Goods and Services Tax - GST Thu, 27 Feb 2020 06:46:55 +0530 https://www.taxtmi.com/article/detailed?id=8973