Issuance of notice in DRC-01D for recovery of interest mandatory, prior to recovery under Section 79 of the CGST Act
The Hon’ble Gujarat High Court in the case of Reliance Formulation Private Limited held that recovery of interest on self-assessed tax under Section 50(1) of the GST Act can be initiated only after following the procedure prescribed under Rule 142B and issuance of intimation in Form GST DRC-01D.