Sumilon Polyster Limited Vs UOI
Date: July 27, 2022
Court: High Court
Bench: Gujarat
Type: Special Civil Application
Judge(s)/Member(s): N.V.ANJARIA, BHARGAV D. KARIA
Subject Matter
Interest on delayed GST payment is on net liability
Summary
As the insertion of the proviso to section 50(1) of the CGST Act w.e.f. 1 st day of July,2017 provides for interest on tax payable in respect of supplies made during a tax period and declared in the return for the said period furnished after the due…
1. Heard learned advocate Avinash Poddar for the petitioner, learned Assistant Government Pleader Mr. Trupesh Kathiriya for the respondent No.4-State and learned advocate Mr. Nikunt Raval for respondent Nos. 1,2,3 and 5. 2. In this group of petitions, the petitioners have challenged the action of the respondents-authorities levying interest on the delayed payment of tax as per section 50 of the Ce…