Interest to be demanded only on Net Tax liability in Form DRC-07 instead of DRC-01
Court :
Gujarat HC
Brief :
The Hon'ble Gujarat High Court in M/S. Rajkamal Builder Infrastructure Private Limited v. Union of India [R/Special Civil Application No. 21534 of 2019, dated March 23, 2021] quashed and set aside the order issued by the Revenue Department in Form GST DRC-01 for recovery of interest on delayed payment of tax on gross liability and held that, the interest on delayed payment of tax is to be charged on net tax liability and the notice for the same should have been issued in Form GST DRC-07.
Citation :
[R/Special Civil Application No. 21534 of 2019, dated March 23, 2021]
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Bimal Jain
Published in GST
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