Section 50 of the CGST Act, 2017 levies interest on delayed payments of tax. Originally the
interest was being collected on the ‘gross’ amount of tax due. It is now amended retrospectively
from 01.07.2017 on ‘Net Cash’ basis.
Section 50 of the CGST Act, 2017 levies interest on delayed payments of tax. Originally the
interest was being collected on the ‘gross’ amount of tax due. It is now amended retrospectively
from 01.07.2017 on ‘Net Cash’ basis.