IInterest Under GST - When Does The Clock Start, When Does It Stop, And On What Amount? Part I - Delayed Tax Payment and the Electronic Cash Ledger: When Does Interest Really Begin and End?

IInterest Under GST - When Does The Clock Start, When Does It Stop, And On What Amount? Part I - Delayed Tax Payment and the Electronic Cash Ledger: When Does Interest Really Begin and End? https://www.taxtmi.com/article/detailed?id=17176 Delayed-payment interest under Section 50 of the CGST Act is computed on the net cash component of tax liability, subject to the statutory exception for returns furnished after commencement of specified proceedings. Deposit into the Electronic Cash Ledger is distinct from formal discharge of tax through ledger debit, but Rule 88B recognises that eligible cash credited by the return due date may be excluded from interest computation. Determination requires review of the cash liability, ledger deposits, available balance, balance movements and final appropriation date. en-us Thu, 13 Aug 2026 08:32:28 +0530 Thu, 13 Aug 2026 08:32:29 +0530 TaxTMI RSS Generator IInterest Under GST - When Does The Clock Start, When Does It Stop, And On What Amount? Part I - Delayed Tax Payment and the Electronic Cash Ledger: When Does Interest Really Begin and End? https://www.taxtmi.com/article/detailed?id=17176 Delayed-payment interest under Section 50 of the CGST Act is computed on the net cash component of tax liability, subject to the statutory exception for returns furnished after commencement of specified proceedings. Deposit into the Electronic Cash Ledger is distinct from formal discharge of tax through ledger debit, but Rule 88B recognises that eligible cash credited by the return due date may be excluded from interest computation. Determination requires review of the cash liability, ledger deposits, available balance, balance movements and final appropriation date. Articles Goods and Services Tax - GST Thu, 13 Aug 2026 08:32:28 +0530 https://www.taxtmi.com/article/detailed?id=17176