GST Interest Liability Clarified: Pay Interest on Net Tax Liability, Not Gross, Per CBIC Instructions Dated September 18, 2020.

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....Liability to pay interest u/s 50 on Net Tax liability or Gross tax (GST) without adjustment of ITC - The present writ petition is disposed of in accordance with the Administrative Instruction dated 18th September, 2020 issued by the Ministry of Finance through the CBIC - HC....