https://www.taxtmi.com/forum/issue?id=120822 The expression "tax payable" under Section 50(1) of the CGST Act is discussed as an undefined term to be understood from the statutory scheme and return mechanism. The comments note that GSTR-3B reflects total tax payable from outward tax liability, including output tax and reverse charge tax, but the key controversy is whether interest should apply to gross liability or only to the amount unpaid after input tax credit adjustment. The discussion states that, after amendment, interest under Section 50(1) is confined to the net tax liability where tax for the same period is paid late, while later disclosure may attract interest on the full liability. en-us Thu, 19 Mar 2026 11:38:28 +0530 Sat, 21 Mar 2026 21:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120822 The expression "tax payable" under Section 50(1) of the CGST Act is discussed as an undefined term to be understood from the statutory scheme and return mechanism. The comments note that GSTR-3B reflects total tax payable from outward tax liability, including output tax and reverse charge tax, but the key controversy is whether interest should apply to gross liability or only to the amount unpaid after input tax credit adjustment. The discussion states that, after amendment, interest under Section 50(1) is confined to the net tax liability where tax for the same period is paid late, while later disclosure may attract interest on the full liability. Discussion-Forum GST Thu, 19 Mar 2026 11:38:28 +0530 https://www.taxtmi.com/forum/issue?id=120822