Orissa HC sets aside Interest Demand on Short-Paid GST: Remands Case citing Amended S.50 & GST...

The Orissa High Court has set aside an interest demand on short-paid GST and remanded the case, citing the amended Section 50 of the GST Act and a GST Council decision. This ruling provides relief to taxpayers, clarifying that interest on delayed GST payments should only be levied on the net cash liability (after utilizing Input Tax Credit), not on the gross amount. The court’s reference to the amended Section 50 and GST Council decision reinforces this position, ensuring a fairer approach to interest calculations and preventing undue burden on businesses.