GST Newsletter June_2019

On 18th April 2019, the Telangana High Court pronounced a major verdict for M/s Megha Engineering & Infrastructures Ltd that changed the way interest was to be charged under GST laws. The verdict stated that Interest would be charged on the Total Outward GST liability before setting-off Input Tax Credit against such Output GST. The verdict was significant enough to see a rise in the number of notices to taxpayers for payment of interest due to delay in filing GSTR 3B.

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