https://www.taxtmi.com/caselaws?id=405811 The court ruled that interest under Section 50 of the Central Goods and Service Tax Act, 2017 is to be levied on the net tax liability, not the gross tax liability. It found that the issuance of Form GST DRC 01 under Section 50 was not legal and proper, as it should have been issued in Form GST DRC 07. The court allowed the writ application, quashed the impugned order, and directed the respondents to initiate fresh proceedings in compliance with the law, emphasizing the correct procedure for issuing recovery notices and clarifying interest calculation under Section 50. en-us Tue, 23 Mar 2021 00:00:00 +0530 Mon, 24 Mar 2025 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405811 The court ruled that interest under Section 50 of the Central Goods and Service Tax Act, 2017 is to be levied on the net tax liability, not the gross tax liability. It found that the issuance of Form GST DRC 01 under Section 50 was not legal and proper, as it should have been issued in Form GST DRC 07. The court allowed the writ application, quashed the impugned order, and directed the respondents to initiate fresh proceedings in compliance with the law, emphasizing the correct procedure for issuing recovery notices and clarifying interest calculation under Section 50. Case-Laws GST Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405811