https://www.taxtmi.com/article/detailed?id=9442 The core issue is whether interest for delayed GST payment is chargeable on gross tax liability or only on the portion paid from the electronic cash ledger after adjustment of input tax credit. Conflicting High Court decisions have respectively upheld interest on the total liability and restricted interest to belated cash payments, treating the proviso limiting interest to cash debits as clarificatory and retrospective. Parliament inserted such a proviso, the GST Council recommended retrospective effect, but the tax administration notified a prospective effective date and issued a press release assuring no past recoveries. en-us Thu, 27 Aug 2020 08:25:24 +0530 Thu, 27 Aug 2020 08:25:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9442 The core issue is whether interest for delayed GST payment is chargeable on gross tax liability or only on the portion paid from the electronic cash ledger after adjustment of input tax credit. Conflicting High Court decisions have respectively upheld interest on the total liability and restricted interest to belated cash payments, treating the proviso limiting interest to cash debits as clarificatory and retrospective. Parliament inserted such a proviso, the GST Council recommended retrospective effect, but the tax administration notified a prospective effective date and issued a press release assuring no past recoveries. Articles Goods and Services Tax - GST Thu, 27 Aug 2020 08:25:24 +0530 https://www.taxtmi.com/article/detailed?id=9442