https://www.taxtmi.com/article/detailed?id=11012 Interest for delayed GST payment must be computed after deducting admissible input tax credit, with interest chargeable on the portion of tax paid by debiting the electronic cash ledger; interest on wrongly availed input tax credit is separately chargeable at a higher notified rate and calculated as prescribed. Administrative guidance and judicial consideration emphasize that the amended proviso requires revenue authorities to apply net liability computation, prompting practical questions where tax is discharged later by utilization of credit available in the electronic credit ledger. en-us Sat, 21 Jan 2023 12:05:52 +0530 Sat, 21 Jan 2023 12:05:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11012 Interest for delayed GST payment must be computed after deducting admissible input tax credit, with interest chargeable on the portion of tax paid by debiting the electronic cash ledger; interest on wrongly availed input tax credit is separately chargeable at a higher notified rate and calculated as prescribed. Administrative guidance and judicial consideration emphasize that the amended proviso requires revenue authorities to apply net liability computation, prompting practical questions where tax is discharged later by utilization of credit available in the electronic credit ledger. Articles Goods and Services Tax - GST Sat, 21 Jan 2023 12:05:52 +0530 https://www.taxtmi.com/article/detailed?id=11012