GST Dept to initiate Recovery Proceedings against Interest Defaulters
The Central GST Department has decided to take measures to recover interest amount from the defaulters under section 50 of the Central Goods and Services Tax Act, 2017 including recovery of properties etc. A standing order passed by the Hyderabad Commissionerate has pointed out a number of irregularities namely in connection with the non-payment of interest for delay in payment of self-a…