https://www.taxtmi.com/article/detailed?id=9484 Compensation cess and state revenue shortfalls are prioritized, with the GST Council to consider compensation and borrowing options while directing that compensation payouts come from the compensation cess only. GSTN will auto-populate GSTR-3B from GSTR-2B to compute tax liability and ITC. CBIC directs recovery of interest only on net cash tax liability for the specified period and staying show-cause notices based on gross liability pending retrospective amendment to section 50. E-invoicing rollout, portal delinking of debit/credit notes, filing extensions and late fee relaxations are temporary procedural adjustments. en-us Fri, 25 Sep 2020 09:50:08 +0530 Fri, 25 Sep 2020 09:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9484 Compensation cess and state revenue shortfalls are prioritized, with the GST Council to consider compensation and borrowing options while directing that compensation payouts come from the compensation cess only. GSTN will auto-populate GSTR-3B from GSTR-2B to compute tax liability and ITC. CBIC directs recovery of interest only on net cash tax liability for the specified period and staying show-cause notices based on gross liability pending retrospective amendment to section 50. E-invoicing rollout, portal delinking of debit/credit notes, filing extensions and late fee relaxations are temporary procedural adjustments. Articles Goods and Services Tax - GST Fri, 25 Sep 2020 09:50:08 +0530 https://www.taxtmi.com/article/detailed?id=9484