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Amendment in Sec 50 of the CGST Act

Proviso inserted w.e.f 1st Sep 2020 for effecting interest payable only on net tax liability paid through debiting Electronic Cash Ledger, paid after the due date of GSTR-3B, vide Notification No. 63/2020 dated 25th August 2020, other than the where tax is paid after commencement of proceedings u/s 73 or 74.

No clarity provided for the interest on net tax liability for the period 1st July 2017 to 31st August 2020.

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