The liability to pay interest under Section 50 of the GST Act automatically arises in respect of the delayed payment of the tax, and no notice for adjudication under Section 73 is necessary. Notice issued in this regard.
Section 50 of the CGST Act, 2017 —Interest — The Court observed that in pursuance of the previous order dated 9 July 2021, counsel for the petitioners submitted that the assessment was a self assessment. Hence, the liability to pay interest under Section 50 of the Act automatically arises in respect of the delayed payment of the tax, and no notice for adjudication under Section 73 is necessary.
Held that—The Hon’ble Supreme Court issued notice returnable in eight weeks.
The liability to pay interest under Section 50 of the GST Act automatically arises in respect of the delayed payment of the tax, and no notice for adjudication under Section 73 is necessary. Notice issued in this regard.
Section 50 of the CGST Act, 2017 —Interest — The Court observed that in pursuance of the previous order dated 9 July 2021, counsel for the petitioners submitted that the assessment was a self assessment. Hence, the liability to pay interest under Section 50 of the Act automatically arises in respect of the delayed payment of the tax, and no notice for adjudication under Section 73 is necessary.
Held that—The Hon’ble Supreme Court issued notice returnable in eight weeks.