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GST - Highlights / Catch Notes

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Claim of interest on delayed Refund - the only reason the ...

GST

August 4, 2022

Claim of interest on delayed Refund - the only reason the respondents/revenue have denied grant of statutory interest to the petitioner, is because Covid-19 was raging and there was delay in processing the petitioner’s refund - The statutory rate of interest is pegged at 6%. The said interest gets triggered after the expiry of 60 days from the date of receipt of application for refund. - HC

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