While allowing the Writ Petition, the Madras High Court has held that the GST Department could be levied interest only on the cash component of the tax remitted belatedly but not on ITC available. The ruling was made by the bench comprising of member Dr Justice Anita Sumanth in the case of M/s.Refex Industries Limited […]
The post Interest should be Levied on Belated GST Cash Payments but not on ITC: Madras HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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