Arya Cotton Industries & Anr. Vs Union of India
Date: June 14, 2024
Subject Matter
Interest cannot be levied from the date of deposit in the electronic cash ledger till the date of filing of the return
Summary
The case revolves around the interpretation of Section 50 of the CGST Act, relating to the payment of interest on delayed tax payment. The petitioner argues that the literal interpretation of the section by the respondent, which calculates interest o…
FULL TEXT OF THE JUDGMENT/ORDER OF GUJARAT HIGH COURT 1. Heard learned advocate Mr. Uchit N. Sheth for the petitioners and learned advocate Mr. Utkarsh Sharma and learned advocate Ms. Hetvi Sancheti for the respondents. 2. Rule, returnable forthwith. Learned advocate Mr. Utkarsh Sharma and learned advocate Ms. Hetvi Sancheti waives service of notice of rule for and on behalf of the responden…