26/08/2020
39th GST Council recommendations on Law & Procedures has provided that Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively) but still government notified the provisions prospectively wef 01.09.2020 instead of notifying the same wef 01.07.2017.
It seems a battle is on between Taxpayer and Department with respect to date of Applicability of provisions of Proviso to Section 50(1) of GST Act, 2017.