https://www.taxtmi.com/article/detailed?id=9004 The article addresses whether GST interest on delayed remittance is payable on the gross tax liability or only on the net tax liability after adjusting Input Tax Credit, noting administrative demands on gross tax, taxpayer challenges, and uncertainty about whether a proposed amendment clarifying interest applies retrospectively. It recommends that recipients of notices invoke the amendment to seek withdrawal, pending litigants rely on it to obtain relief, and payers or those from whom revenue recovered amounts seek refunds once a refund mechanism is prescribed. en-us Thu, 19 Mar 2020 10:04:58 +0530 Thu, 19 Mar 2020 10:04:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9004 The article addresses whether GST interest on delayed remittance is payable on the gross tax liability or only on the net tax liability after adjusting Input Tax Credit, noting administrative demands on gross tax, taxpayer challenges, and uncertainty about whether a proposed amendment clarifying interest applies retrospectively. It recommends that recipients of notices invoke the amendment to seek withdrawal, pending litigants rely on it to obtain relief, and payers or those from whom revenue recovered amounts seek refunds once a refund mechanism is prescribed. Articles Goods and Services Tax - GST Thu, 19 Mar 2020 10:04:58 +0530 https://www.taxtmi.com/article/detailed?id=9004