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Amendment to S. 50 of Central GST Act on Interest on Late Payment of Tax has Retrospective Effect

The Chhattisgarh High Court has held that the amendment to section 50 of the Central GST Act, 2017 regarding the imposition of the interest on late payment of tax has a retrospective effect. The petitioner, M/s Abis Export India Ltd., is involved in the production of pet food. The said commodity is taxable commodity under…

Source Taxscan

 

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