Latest GST Judgments

For Full Access To All Latest Judgments on GST
Click Here To Subscribe Now
Take a tour of our GST Library

The liability to pay interest under section 50(1) arises even without any assessment, as the person is required to pay such interest “on his own”.

Interest — The petitioner submits, ITC of petitioner is credit available to it on tax already paid. There cannot be interest charged thereon. He refers to sub-sections (1) and (2) of section 50 in Central Goods and Services Tax Act, 2017 to submit without prejudice, even if there is interest to be paid thereon, prescription for calculation of it has not yet been provided. The petitioner submits that the liability to pay interest is automatic and is to be self-imposed. Notices issued. — Lexus Motors Ltd. And Anr. Vs. Joint Commissioner of State Tax, Government of West Bengal And Ors. [2019] 16 TAXLOK.COM 074 (Calcutta)