Commissioner, Central Tax, Chennai v. M/s. Daejung Moparts Pvt. Ltd
Date: December 19, 2019
Subject Matter
Quantification of interest u/s 50 shall have to be made by doing the arithmetic exercise after considering the objections of the assessee
Summary
The question raised is as to whether interest on delayed payment of tax as contemplated under Section 50 of the Central Goods and Services Tax Act, 2017, is automatic or the same is to be determined, after considering the explanation offered by the a…
These writ appeals are listed before me by way of reference, in pursuant to the order passed by the Hon’ble Chief Justice, under the following facts and circumstances. 2. The respondent in A.No. 2127 of 2019, as the writ petitioner in W.P.No.15978 of 2019, challenged the notice dated 21.05.2019 issued in Form GST DRC-13 under Section 79(1)(c) of the CGST Act to M/s. Indian Overseas Bank, Mar…