Payment of Interest can be made in installments


Last updated: 23 January 2024

Court :
Madras High Court

Brief :
The Hon'ble Madras High Court in the case ofEveryday Banking and Retail Assets v. Office of the Assistant Commissioner (ST) [Writ Petition No. 35372 OF 2023 January 03, 2024] held that the Petitioner asserts that all tax dues were settled and that the Petitioner requires time to pay interest. Thus, the Petitioner was allowed to pay interest in respect of four assessment years vide caution notice because the business of the assessee was to be directed to pay amounts of interest demanded in three equal monthly installments. 

Citation :
Writ Petition No. 35372 OF 2023 January 03, 2024

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Bimal Jain
Published in GST
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