https://www.taxtmi.com/caselaws?id=451001 Interest under Section 50(3) of the West Bengal GST Act was held not leviable where input tax credit was wrongly availed but subsequently reversed without utilisation. The position was treated as settled by Circular No. 192/04/2023-GST and other High Court decisions, and the retrospective amendment by the Finance Act, 2022 was accepted as confirming that no interest is payable in such cases. The impugned orders were set aside, with fresh adjudication directed. en-us Wed, 06 Mar 2024 00:00:00 +0530 Mon, 28 Apr 2025 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451001 Interest under Section 50(3) of the West Bengal GST Act was held not leviable where input tax credit was wrongly availed but subsequently reversed without utilisation. The position was treated as settled by Circular No. 192/04/2023-GST and other High Court decisions, and the retrospective amendment by the Finance Act, 2022 was accepted as confirming that no interest is payable in such cases. The impugned orders were set aside, with fresh adjudication directed. Case-Laws GST Wed, 06 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451001