Administrative instructions for recovery of interest on net cash tax liability w.e.f. 01.07.2017

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....s and Customs GST Policy Wing Room No. 159A, North Block, New Delhi, Dated: 18^th September, 2020 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) The Principal Director Generals / Director Generals (All) Madam / Sir, Subject: Administrative instructions for recovery of interest on net cash tax lia....

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....e amendment in the GST laws would be carried out in due course through suitable legislation. 3.  Post issuance of notification 63/2020 - Central Tax dated the 25^th August, 2020, there were apprehensions raised by taxpayers that the said notification is issued contrary to the Council's recommendation to charge interest on net cash liability w.e.f. 01.07.2017. Consequently, a press rele....