Assessee not liable to pay interest for delayed payment of duty on account of issuing supplementary invoice

No Comments

GST/Excise & Customs: Where assessee was engaged in manufacture of Aluminium Hollow Sections and it sold said item and paid duty on value and subsequently it raised supplementary invoice on account of price variation and paid duty, it was not liable to pay interest on delayed payment of duty on account of supplementary invoice

Section 50 of the Central Goods and Services Tax Act, 2017/ Section 11AB of the Central Excise Act, 1944 – Payment of tax – Interest on delayed payment (OR) – Period August, 2013 to March, 2014 – Assessee was engaged in manufacture of Aluminium Hollow Sections – It sold said item and paid duty on value – Subsequently assessee raised supplementary invoice on account of price variation and paid duty – However, it did not pay interest on delayed payment of duty on account of supplementary invoice – Adjudicating Authority held that assessee was liable to pay interest on delayed payment of duty on account of supplementary invoice – Whether Adjudicating Authority was justified in his view – Held, no

Citation:[2018] 94 taxmann.com 273 (New Delhi – CESTAT)