2021 (12) TMI 521

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..... N. Mozika, SC, CGST with Ms. L. Jana, Adv. JUDGMENT At the behest of the Court, the parties have agreed in principle to the form of the order, but have left the modalities to be worked out by the Court. 2. The appellants accept the figures indicated in the letter dated December 3, 2021 issued by the Assistant Commissioner, CGST, Shillong, Division - II to the Assistant Commissioner (LAW), CGS....

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.... appellants seek to pay off such amount, subject to the adjustment on account of the appeals and ITC, in 24 monthly installments. 5. The entire amount of Rs. 43,49,50,071/- should be paid off by the appellants in 24 equal or nearly equal monthly installments beginning December 15, 2021 and payable by the 15th day of the 23 succeeding months. 6. The adjustment on account of the orders passed in t....

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....9. It is made clear that the interest that is required to be paid by this order and after the completion of the installments payment in terms of this order will be calculated on reducing balance basis in respect of the tax due component and not in any respect of the penalty or interest already added into the figure of Rs. 43,49,50,071/-. 10. It is made clear that the appellant assesse will contin....