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2014 (10) TMI 933 - GUJARAT HIGH COURTInterest on delayed Refund - purchase tax paid on natural gas - Held that: - Sub-section (1) thereof provides that where refund of any amount becomes due to the dealer by virtue of an order of assessment u/s 41, he shall, subject to the provisions of this section, be entitled to receive, in addition to the said amount, simple interest at the specified rates - the Value Added Tax Act which is substituted by the Sales Tax Act also has a similar provision for statutory interest - the respondents cannot avoid the liability of paying the refund with statutory interest - petition allowed - decided in favor of petitioner.
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