2022 (11) TMI 674

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... A Heard learned advocate Mr.Varis Isani for the petitioner. 2. The petitioner- partnership firm filed this petitioner inter alia putting forth the case that it has exported goods during the period between November, 2019 to June, 2020. 2.1 It was the further say that the petitioner was eligible to get refund of Integrated Goods And Service Tax in accordance with the provisions of Act, however t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s And Service Tax does not survive as the petitioner has already received the refund amount to the full extent. He however submitted that the claim towards payment of interest survives and therefore he pressed the prayer with regard to the grant of interest. 5. The Section 56 of the Goods and Services Tax Act, 2017 deals with the interest on delayed payments. The Section reads as under. "56. In .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... hin sixty days from the date of receipt of application filed consequent to such order, interest at such rate not exceeding nine per cent as may be notified by the Government on the recommendations of the Council shall be payable in respect of such refund from the date immediately after the expiry of sixty days from the date of receipt of application till the date of refund. Explanation. - For t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X