Advisory on Interest Collection and Related Enhancements in GSTR-3B
It is hereby informed that from January-2026 period onwards, few enhancements have been made in filing of GSTR-3B. For detailed advisory, kindly click on the link given below:
Tag: Interest
Circular No. 13/2025 dated 19.09.2025
Central Board of Direct Taxes (CBDT) issued Circular No. 13/2025 dated 19.09.2025 regarding Order under section 119 of the Income tax Act, 1961 for waiver of interest payable under section 220(2) due to late payment of demand, in certain cases.
Hon’ble Supreme Court waives interest on tax demand – Landmark Ruling
In a significant judgment, Hon’ble SC ruled in favour of the telecom companies waiving the interest on tax demand for the period subsequent to the commencement of the new Telecom Policy, 1999. Can we seek similar relief w.r.t. the liability arising from the secondment ruling of the Hon’ble SC?
Assessee not liable to pay interest when GST amount deposited within prescribed time period but returns Form GSTR-3B were filed belatedly post due-date
The Hon’ble Madras High Court in the case of M/s. Eicher Motor Ltd. v. Superintendent GST and Central Excise and…
Interest not to be levied when delay in remitting tax is caused due to technical issues on GST Portal
The Hon’ble Kerala High Court in the case of M/s. Hilton Garden Inn v. Commissioner of Kerala Goods and Service…
Penalty and Interest could not be imposed when Credit was erroneously availed but not utilized
The Punjab and Haryana High Court in the case of M/s. Deepak Sales Corporation v. Union of India [CWP No.…
Request for amnesty to all the GST assesses for FY 2017-18 to 2019-20
Karnataka State Tax Practitioners Association (R) has submitted a request letter to Smt. Nirmala Sitharaman, Honourable Minister of Finance, Government…
Interest and penalties not imposable on demand of Customs, CVD, SAD
The Hon’ble Supreme Court in Union of India & Ors. v. Mahindra and Mahindra Ltd. dismissed the appeal filed by the Revenue Department and upheld the decision of the Hon’ble Gujarat High Court of setting aside the imposition of interest and penalty on custom duty, CVD, being without jurisdiction.
Assessee is entitled for interest in case of delayed refund by Revenue Department
The Hon’ble Gujarat High Court in M/s. Panji Engineering Private Limited v. Union of India held that, disbursement of refund by department beyond the statutorily prescribed period, makes assessee entitle for interest on such refund amount.
Unused CENVAT Credit does not incur any interest liability
The CESTAT, Kolkata in M/s. National Aluminium Company Limited v. Commissioner of Central Excise & Service Tax held that the amendment in Rule 14 of the CENVAT Credit Rules, 2004 which previously read as ‘taken or utilized’ but was changed to ‘taken and utilized’, clearly indicated the intention of the legislature not to impose interest where the credit had been taken but not utilized.