Madras HC upholds levy of Interest under GST on belated Cash Remittance as it is Compensatory, Mandatory

The Madras High Court ruled that levy of interest under  Goods and Service Tax  (GST) on belated cash remittance as it is compensatory and mandatory. The petitioner, M/s.F1 Auto Components P ltd has assailed the order levying interest under Section 50 of the Central Goods and Services Tax Act, 2017 relating to both interest on cash remittances as well as remittances by way of adjustment…