Notice of demand relating to interest on portion of tax paid by which is paid by debiting the electronic credit ledger is not sustainable in law and is set aside.
Section 50 of the CGST Act, 2017 — Interest – The petitioner challenged the impugned demand notice dated 2nd March, 2020 in connection with interest under Section 50 relating to the Assessment Year 2017-18 and 2018-19 and this writ petition was filed on 19th July, 2019. The petitioner submitted that during the pendency of this writ petition, Section 50 Sub-Section (1) of the GST Act has been amended by the Finance Act, 2021. The court observed that in view of this legal position as stands today and in view of this amendment, the impugned notice of demand relating to interest in question is not sustainable in law.
Held that:- The Hon’ble High Court set aside of the impugned demand notice.
Notice of demand relating to interest on portion of tax paid by which is paid by debiting the electronic credit ledger is not sustainable in law and is set aside.
Section 50 of the CGST Act, 2017 — Interest – The petitioner challenged the impugned demand notice dated 2nd March, 2020 in connection with interest under Section 50 relating to the Assessment Year 2017-18 and 2018-19 and this writ petition was filed on 19th July, 2019. The petitioner submitted that during the pendency of this writ petition, Section 50 Sub-Section (1) of the GST Act has been amended by the Finance Act, 2021. The court observed that in view of this legal position as stands today and in view of this amendment, the impugned notice of demand relating to interest in question is not sustainable in law.
Held that:- The Hon’ble High Court set aside of the impugned demand notice.