Eye Share : Disparity in ‘interest’ under GST laws

We are in final leg of implementing the most touted tax reform  - Goods & Services Tax (GST) July 1st, with the receipt of President’s assent to all four Central legislations and the States expected to pass their laws by mid-May. More draft Rules covering different aspects of the law too, have been released in the public domain seeking comments thereon. Yet, there remain disparities in some of the proposed provisions, and one such inconsistency is in the inter...