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Principle of Promissory Estoppel - grant of refund on CST paid - ...


Promissory Estoppel in CST Refunds: Balancing State Financial Interests and Executive Authority in Fraud Prevention.

August 21, 2017

Case Laws     VAT and Sales Tax     SC

Principle of Promissory Estoppel - grant of refund on CST paid - Undoubtedly, fraudulent refund claims obtained, would be contrary to the financial interests of the State, thereby affecting the larger public interest. The policy wisdom of the State that the grant of refund was eroding non-plan resources is a matter exclusively in the executive domain. - SC

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