Interest on delayed payment of tax-- S.50, CGST Act, 2017

Telangana High Court--Megha Engineering & Infrastructures Ltd. v. Commissioner of CT (2019) 31 J.K.Jain’s GST & VR 373.
1. Review petition against this judgment has been filed by the Petitioner in the High Court, which is pending.

    2. The following cases on the subject matter are pending in different High Courts;

Cengres Tiles Limited v. State of Gujarat  (2019) 31 J.K.Jain’s GST & VR 500 (GUJ)

Daejung Moparts Pvt. Ltd. v. Asstt. Commissioner of CGST & C/E  (2019) 31 J.K.Jain’s GST & VR 512 (MAD)

Dongsung Automotive Pvt. Ltd. v. Superintendent of Central Taxes  (2019) 31 J.K.Jain’s GST & VR 506  (MAD)

In view of this, the Govt. has not implemented the amendments in section 50, GSTAct, 2017 which were published in Gazette of India dated 1.8.2019.

Read  analysis from our analyst CA Om Prakash Jain s/o Sh. J.K. Jain, analysing section 50, CGST Act, 2017 and concluding that interest is payable on delayed payment of net tax  instead of gross output tax.