The levy of “interest” often poses interesting disputes and GST law is not an exception. Interest is compensatory in nature and imposed on a taxpayer who withholds payment of tax beyond prescribed time limit. The first two years of GST witnessed least interruption by authorities amidst smooth implementation. However, the times have changed in last few months. In surmounting pressure to achieve revenue targets, the authorities have drawn out all their claws. The authorities are turning hostile to make maximum recovery from the taxpayers.

Through this article, our Managing Partner, Mr. Puneet Bansal and Senior Associate, Mr. Rohit Kumar have discussed prominent issues relating to interest that have surfaced in recent past or likely to surface in coming times.

Please click below to read our article titled “A dead claim of interest, coming alive? – 2.0“ on the issue.

NITYA | Article 37 | A dead claim of interest, coming alive? – 2.0