https://www.taxtmi.com/caselaws?id=417484 HC allowed writ petitions challenging levy of interest on gross returned income under Section 50 of CGST Act. The court held that interest should only be calculated on the portion of tax paid through electronic cash ledger, not on input tax credit. This interpretation was confirmed by the 2021 amendment to Section 50, which applied retrospectively from July 1, 2017. Respondents were directed to quantify interest in accordance with the amended provision after consulting with petitioners. No costs were imposed. en-us Wed, 22 Dec 2021 00:00:00 +0530 Tue, 01 Apr 2025 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417484 HC allowed writ petitions challenging levy of interest on gross returned income under Section 50 of CGST Act. The court held that interest should only be calculated on the portion of tax paid through electronic cash ledger, not on input tax credit. This interpretation was confirmed by the 2021 amendment to Section 50, which applied retrospectively from July 1, 2017. Respondents were directed to quantify interest in accordance with the amended provision after consulting with petitioners. No costs were imposed. Case-Laws GST Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417484