Gujarat High Court put stay on the “Recovery of GST interest”

CBIC had issued a notice after doubts with respect to whether the interest has to be paid on gross tax liability or on the net cash liability in respect of delayed GST payment .

After this , the Board had requested all Principal Chief Commissioners (PCC) and Chief Commissioners of Central Tax to look into this issue and to urge the field formations under their jurisdiction for making recovery of applicable interest from the identified taxpayers and to furnish a weekly report of GSTIN about recovery of interest . The estimated amount of recovery is roughly ₹46,000 crore.

Gujarat high court directed that ,”We direct the respondents not to take any coercive steps for the purpose of recovery of the interest”.

The Gujarat High Court has stayed the recovery of interest on the delayed GST payment from taxpayers who have filed their returns in GSTR-3B Form

With respect to this issue , the court issued notice to Central authorities , Gujarat Government and the GST Council. Respondents including Central and State Government and others have to reply to this notice by 11th March 2020.

Leave a Reply

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.


Finance Job AlertsFinance Jobs Alerts