https://www.taxtmi.com/forum/issue?id=120909 Interest under Section 50 of the CGST Act is generally compensatory and is leviable only on the net cash tax liability, not on the gross tax liability. The net-liability principle is said to apply beyond delayed GSTR-3B filings and may extend to audit or scrutiny findings where valid ITC was continuously available. Exceptions are recognised for fraud, suppression, wilful misstatement, or ineligible ITC under the statutory provisions corresponding to Sections 73 and 74. en-us Fri, 08 May 2026 17:29:57 +0530 Fri, 22 May 2026 08:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120909 Interest under Section 50 of the CGST Act is generally compensatory and is leviable only on the net cash tax liability, not on the gross tax liability. The net-liability principle is said to apply beyond delayed GSTR-3B filings and may extend to audit or scrutiny findings where valid ITC was continuously available. Exceptions are recognised for fraud, suppression, wilful misstatement, or ineligible ITC under the statutory provisions corresponding to Sections 73 and 74. Discussion-Forum GST Fri, 08 May 2026 17:29:57 +0530 https://www.taxtmi.com/forum/issue?id=120909