https://www.taxtmi.com/caselaws?id=448969 The Calcutta HC set aside a notice dated 17.11.2022 and appellate order dated 20.04.2023 regarding interest on delayed output tax payment. The court held that under WBGST Act 2017, Section 50(1), interest applies only to tax paid in cash, not amounts in electronic credit ledger. The assessing authority acted arbitrarily in issuing the notice. The matter was remanded to the Assistant Commissioner for fresh consideration, taking into account Finance Act 2021 amendments and the petitioner's claim of bona fide inadvertent mistake by their accountant, which was subsequently rectified. en-us Tue, 17 Oct 2023 00:00:00 +0530 Mon, 28 Apr 2025 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448969 The Calcutta HC set aside a notice dated 17.11.2022 and appellate order dated 20.04.2023 regarding interest on delayed output tax payment. The court held that under WBGST Act 2017, Section 50(1), interest applies only to tax paid in cash, not amounts in electronic credit ledger. The assessing authority acted arbitrarily in issuing the notice. The matter was remanded to the Assistant Commissioner for fresh consideration, taking into account Finance Act 2021 amendments and the petitioner's claim of bona fide inadvertent mistake by their accountant, which was subsequently rectified. Case-Laws GST Tue, 17 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448969