https://www.taxtmi.com/caselaws?id=752211 The HC dismissed a writ petition challenging interest liability on delayed GST payments. The taxpayer argued that interest should only apply to cash payments, not amounts paid through Electronic Credit Ledger. The court held that GST liability offsetting occurs only upon furnishing returns, regardless of available credit ledger balance. The taxpayer had delayed filing returns until 12.05.2020 despite the deadline being the succeeding month. The court ruled that availability of input tax credit in Electronic Credit Ledger is inconsequential for interest calculation since tax payment effectiveness depends on timely return filing, not credit availability. en-us Fri, 19 Apr 2024 00:00:00 +0530 Sat, 04 May 2024 21:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752211 The HC dismissed a writ petition challenging interest liability on delayed GST payments. The taxpayer argued that interest should only apply to cash payments, not amounts paid through Electronic Credit Ledger. The court held that GST liability offsetting occurs only upon furnishing returns, regardless of available credit ledger balance. The taxpayer had delayed filing returns until 12.05.2020 despite the deadline being the succeeding month. The court ruled that availability of input tax credit in Electronic Credit Ledger is inconsequential for interest calculation since tax payment effectiveness depends on timely return filing, not credit availability. Case-Laws GST Fri, 19 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752211