The writ petition stands disposed of granting liberty to the petitioner to file a detailed representation regarding interest on net liability u/s 50(1) of CGST Act
Section 50 of the CGST Act, 2017— Interest ---The petitioner challenged letter dated 19.02.2020 issued by respondent regarding interest liability under Section 50(1) read with Section 75 (12) and 79 of the Act. The petitioner submitted that the direction in the last paragraph of the letter for payment of interest is misconceived inasmuch as in 39th GST Council Meeting Decisions taken on 14th March, 2020, it has been decided that interest to be charged on Net Cash Liability (retrospective amendment from 01.07.2017).
Held that:- The Hon’ble High Court granted liberty to the petitioner to file a detailed representation before respondent within three weeks. The same shall be disposed of by passing a reasoned order, in accordance with law as well as the decision of the GST Council. Till a decision is taken on the representation, no coercive action shall be taken against him.