The Ministry of Finance on Tuesday (August 25) notified that Section 100 of Finance Act, 2019 will come into force from September 1, 2020.Section 100 of the Finance Act, 2019 inserted a proviso to Section 50 of the GST Act to clarify that the interest will be levied on a net basis. "Provided that interest on tax payable in respect of supplies made during a tax period and declared in the...