https://www.taxtmi.com/article/detailed?id=9724 Compliance with the filing requirement in Section sixteen(2) and payment of any late fee fulfills the condition for availment of Input Tax Credit; accordingly, the levy of interest calculated on gross tax liability for late filing, including by retrospective amendment, is inconsistent with the statutory scheme and judicial decisions which confined interest to net tax liability. en-us Sat, 27 Mar 2021 07:36:19 +0530 Sat, 27 Mar 2021 07:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9724 Compliance with the filing requirement in Section sixteen(2) and payment of any late fee fulfills the condition for availment of Input Tax Credit; accordingly, the levy of interest calculated on gross tax liability for late filing, including by retrospective amendment, is inconsistent with the statutory scheme and judicial decisions which confined interest to net tax liability. Articles Goods and Services Tax - GST Sat, 27 Mar 2021 07:36:19 +0530 https://www.taxtmi.com/article/detailed?id=9724