https://www.taxtmi.com/caselaws?id=404127 The court disposed of the case, acknowledging the Central Board of Indirect Taxes and Customs (CBIC) circular directing the levy of interest on net tax liability instead of gross tax liability. The petitioner's challenge against an interest liability of Rs. 4,81,664 for delayed GST payment without proper adjudication under Sections 73 or 74 of the CGST Act was upheld. The court allowed the petitioner the liberty to return if interest on gross tax liability was attempted to be realized, aligning with the current practice of imposing interest on net tax liability as per the CBIC circular and respondent authorities' instructions. en-us Mon, 08 Feb 2021 00:00:00 +0530 Mon, 24 Mar 2025 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404127 The court disposed of the case, acknowledging the Central Board of Indirect Taxes and Customs (CBIC) circular directing the levy of interest on net tax liability instead of gross tax liability. The petitioner's challenge against an interest liability of Rs. 4,81,664 for delayed GST payment without proper adjudication under Sections 73 or 74 of the CGST Act was upheld. The court allowed the petitioner the liberty to return if interest on gross tax liability was attempted to be realized, aligning with the current practice of imposing interest on net tax liability as per the CBIC circular and respondent authorities' instructions. Case-Laws GST Mon, 08 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404127