https://www.taxtmi.com/forum/issue?id=118282 Interest under section 50(1) applies where an output-tax liability that was not disclosed and paid in the return for the relevant period is later paid following audit or assessment, and the availability of an uninterrupted balance in the electronic credit ledger during the intervening period does not negate the interest obligation; a relief for wrongly availed but unutilized input tax credit may be available, but it is not available where output tax was not disclosed and subsequently paid. en-us Thu, 15 Dec 2022 01:49:36 +0530 Thu, 23 Jan 2025 15:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118282 Interest under section 50(1) applies where an output-tax liability that was not disclosed and paid in the return for the relevant period is later paid following audit or assessment, and the availability of an uninterrupted balance in the electronic credit ledger during the intervening period does not negate the interest obligation; a relief for wrongly availed but unutilized input tax credit may be available, but it is not available where output tax was not disclosed and subsequently paid. Discussion-Forum GST Thu, 15 Dec 2022 01:49:36 +0530 https://www.taxtmi.com/forum/issue?id=118282