https://www.taxtmi.com/article/detailed?id=9365 Interest under the CGST charging provision applies to the tax "remained unpaid", meaning interest should be calculated on the net tax liability after deducting available input tax credit. Belated return filing does not necessarily forfeit ITC entitlement. A later proviso limits interest to net liability but excludes cases where tax is paid after initiation of assessment or recovery proceedings, a carve-out that conflicts with the plain statutory phrase and customary calculation of interest on actual tax payable. en-us Mon, 20 Jul 2020 13:02:24 +0530 Mon, 20 Jul 2020 13:02:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9365 Interest under the CGST charging provision applies to the tax "remained unpaid", meaning interest should be calculated on the net tax liability after deducting available input tax credit. Belated return filing does not necessarily forfeit ITC entitlement. A later proviso limits interest to net liability but excludes cases where tax is paid after initiation of assessment or recovery proceedings, a carve-out that conflicts with the plain statutory phrase and customary calculation of interest on actual tax payable. Articles Goods and Services Tax - GST Mon, 20 Jul 2020 13:02:24 +0530 https://www.taxtmi.com/article/detailed?id=9365