Section 50 of the Goods and Services Tax (GST) Act outlines the provisions for charging interest on delayed tax payments, encouraging businesses to comply with deadlines and prevent revenue loss for the government. The 2020 amendment introduced a significant change by limiting interest calculation to the net tax liability, offering much-needed relief to taxpayers and reducing disputes... https://blog.tatanexarc.com/msme/section-50-of-gst-act-provisions/