Levy of interest under GST on late payment of tax has always been a litigation matter in terms of what should be considered as the tax that 'remains unpaid'. The recent judgment of Patna High Court in the case of Sincon Infrastructure has again cropped up the discussion.
This article discusses the provisions of Section 50 related to the levy of interest on delayed payment of tax, covering the following key points:
‣ Background of the Issue
‣ Brief Facts of Sincon Infrastructure Case
‣ Relevant Provisions of the GST law
‣ Court's Observations and Decision in the Case of Sincon Infrastructure
‣ Earlier Decisions on the Same Matter and Future Outlook
