HC: To examine interest applicability on net cash liability u/s 50

Kolkata HC hears writ challenging order demanding interest on component of ITC u/s 50 of CGST Act, 2017 on delay in filing of monthly return; Counsels for assessee seeks interim order pending adjudication in light of amendment to section 50 (1) vide clause 100 of Finance (No.2) Act, 2019 which inter-alia stipulates that only the net liability of a taxpayer would hereinafter be subject to interest; Notes that, hearing is interrupted for non-disclosure of interes...