Madras HC permits Monthly instalment payment of Interest on Delayed GST considering Financial Crisis Plea

The Madras High Court has granted permission for the payment of GST-related interest in monthly installments due to the taxpayer's financial crisis. The taxpayer had requested a deferment of the payment, citing their inability to make a lump-sum payment due to liquidity issues. The court, recognizing the financial hardship, allowed the taxpayer to pay the outstanding interest in installments. This ruling reflects the court's approach to balancing the enforcement of tax obligations with the need for financial relief for distressed taxpayers. The decision is seen as a significant step in accommodating businesses facing temporary financial difficulties while ensuring compliance with tax laws.