Interest u/s 50

Net liabity

Interest is levied on "NET TAX LIABILITY". The same was also clarified in the 39th GST Council Meeting held on 14th March 2020.

As per Act , shall be on Gross liability.
The proviso being inserted under Section 50(1) is not Notified yet.

Yes in light of few high court judgements it should be levy on Gross liability.


Note : In my view if the Interest amount is not much then it's better to compute on Gross else can be compute on Net.