Interest and penalty on delayed GST payment remain stayed pending verification of payment through input tax credit adjustment.

Interest and penalty on delayed GST payment remain stayed pending verification of payment through input tax credit adjustment. https://www.taxtmi.com/highlights?id=102391 Interest and penalty for delayed payment of CGST and SGST were made subject to verification of the taxpayer's claim that tax dues had already been discharged through adjustment of input tax credit within the permissible period. The High Court directed the competent authority to examine that claim and determine whether any interest or penalty remained payable. The taxpayer may submit a representation for expeditious decision, and recovery under the challenged order and notice remains stayed until the representation is disposed of. en-us Wed, 05 Aug 2026 08:48:02 +0530 Wed, 05 Aug 2026 08:48:02 +0530 TaxTMI RSS Generator Interest and penalty on delayed GST payment remain stayed pending verification of payment through input tax credit adjustment. https://www.taxtmi.com/highlights?id=102391 Interest and penalty for delayed payment of CGST and SGST were made subject to verification of the taxpayer's claim that tax dues had already been discharged through adjustment of input tax credit within the permissible period. The High Court directed the competent authority to examine that claim and determine whether any interest or penalty remained payable. The taxpayer may submit a representation for expeditious decision, and recovery under the challenged order and notice remains stayed until the representation is disposed of. Highlights GST Wed, 05 Aug 2026 08:48:02 +0530 https://www.taxtmi.com/highlights?id=102391