https://www.taxtmi.com/article/detailed?id=9821 Notification No.16/2021-CT notifies a proviso to the GST interest provision making interest on delayed tax payable only on the portion of tax discharged by debiting the electronic cash ledger, with retrospective effect from 01.07.2017. The proviso applies where the return for the period is furnished after the due date but excludes returns filed after commencement of assessment or adjudication proceedings; the net-interest benefit is available only if the tax and supporting invoices/debit notes are declared in the return for that same tax period. en-us Fri, 04 Jun 2021 15:22:34 +0530 Fri, 04 Jun 2021 15:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9821 Notification No.16/2021-CT notifies a proviso to the GST interest provision making interest on delayed tax payable only on the portion of tax discharged by debiting the electronic cash ledger, with retrospective effect from 01.07.2017. The proviso applies where the return for the period is furnished after the due date but excludes returns filed after commencement of assessment or adjudication proceedings; the net-interest benefit is available only if the tax and supporting invoices/debit notes are declared in the return for that same tax period. Articles Goods and Services Tax - GST Fri, 04 Jun 2021 15:22:34 +0530 https://www.taxtmi.com/article/detailed?id=9821