The GST Appellate Tribunal, State Bench Bengaluru (“GSTAT”) in Gopinath TM v. Mukand Limited [APL/258/BUR/2026 dated October 07, 2026] partly allowed the Revenue’s appeal and held that interest under Section 50 of the Central Goods and Services Tax Act, 2017 (“the CGST Act”) is payable on the differential tax discharged through debit notes/supplementary invoices issued under Section 142(2)(a) pursuant to a retrospective upward price revision under a pre-GST contract, since the enhanced value relates back to the original date of clearance; however, the Tribunal upheld the dropping of penalty under Section 122 as the default arose from a bona fide interpretation of the transitional provisions.
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