Interest to apply only on net cash liability of unpaid GST
The amendment to section 50 was proposed in the Union Budget on the July 5, 2019, and the Finance Bill 2019 was passed in the Lok Sabha on the July 18, 2019.
As ,proviso in Section 50 of CGST Act inserted vide Finance (No.2) Act ,2019, that it's on NET LIABILITY, but it's effectiveness is not Notified till date.
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