A ruling not in the interest of GST collection

Finance Bill 2019-20 amended the Central Goods and Services Tax (CGST) Act with retrospective effect by inserting a new proviso in section 50(1) to calculate the interest on delayed GST payment. This amendment has created an arbitrary and unlawful differentiation — when arriving at the net GST cash tax liability — between the balance in the electronic cash register (ECR) due to input tax credit (I…