https://www.taxtmi.com/caselaws?id=417486 The High Court of Telangana interpreted Section 50 of the Central Goods and Services Tax Act, 2017 regarding interest on delayed tax payments. The court noted the retrospective substitution of the proviso to Section 50 by the Finance Act, 2021, addressing petitioners' concerns on interest calculation. The court allowed the writ petitions, directing authorities to quantify interest based on the amended provision, ensuring petitioners are heard in the process. No costs were awarded, and pending applications were closed. en-us Fri, 24 Dec 2021 00:00:00 +0530 Mon, 24 Jan 2022 08:53:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417486 The High Court of Telangana interpreted Section 50 of the Central Goods and Services Tax Act, 2017 regarding interest on delayed tax payments. The court noted the retrospective substitution of the proviso to Section 50 by the Finance Act, 2021, addressing petitioners' concerns on interest calculation. The court allowed the writ petitions, directing authorities to quantify interest based on the amended provision, ensuring petitioners are heard in the process. No costs were awarded, and pending applications were closed. Case-Laws GST Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417486