https://www.taxtmi.com/forum/issue?id=118930 A taxpayer reported an invoice late and paid the tax by utilising input tax credit; the tax authority demanded interest on the full amount. The legal question is whether interest under Section 50(1) applies where the tax was not disclosed in the original return but was ultimately discharged through available input tax credit, with competing views that Section 50 targets belated cash payment versus that nondisclosure activates interest liability. en-us Wed, 10 Jan 2024 12:55:45 +0530 Fri, 24 Jan 2025 10:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118930 A taxpayer reported an invoice late and paid the tax by utilising input tax credit; the tax authority demanded interest on the full amount. The legal question is whether interest under Section 50(1) applies where the tax was not disclosed in the original return but was ultimately discharged through available input tax credit, with competing views that Section 50 targets belated cash payment versus that nondisclosure activates interest liability. Discussion-Forum GST Wed, 10 Jan 2024 12:55:45 +0530 https://www.taxtmi.com/forum/issue?id=118930