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2016 (11) TMI 23 - AT - Service TaxInterest on delayed refund - banking and other financial services - discount/commissions received by the appellant from the merchant establishments in connection with credit card transactions liable to payment of service tax and tax paid upon the same - refund claimed afterwards, refund was allowed - whether the appellant is entitled to get interest on delayed refund? - Section 11BB - Held that: - the issue stands decided in the case of Ranbaxy Laboratories Ltd. vs. UOI & Ors. [2011 (10) TMI 16 - Supreme Court of India] where it was held that liability of the revenue to pay interest under Section 11BB of the Act commences from the date of expiry of three months from the date of receipt of application for refund under Section 11B(1) of the Act and not on the expiry of the said period from the date on which order of refund is made. The appellant eligible for interest from the date of expiry of the period of three months from the date of filing of the refund claim till the date of payment of refund - appeal allowed - decided in favor of appellant.
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