HC: Disposes writ seeking stay on recovery of interest proceedings citing CBIC administrative instruction

Bombay HC disposes of writ petition in view of administrative instructions issued by CBIC implementing GST Council’s decision regarding recovery of interest only on the net cash liability; Petitioner sought relief in the prayer that interest would be payable only on the cash component of the liability under section 50 of the CGST Act (interest on delayed payment); Earlier HC had stayed the recovery of interest in terms of letter dated February 19, 2020 pending the...