Interest on refunds - interest would be payable after the period ...

VAT and Sales Tax

November 24, 2017

Interest on refunds - interest would be payable after the period specified in clause (a) to sub-section (3) to Section 38 of the Act i.e. the date on which the refund becomes payable. Two sections, namely, Sections 38(3) and 42(1) do not refer to the date of filing of return. This obviously as per the Act is not starting point for payment of interest - HC

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Interest on refunds - interest would be payable after the period ...

VAT and Sales Tax

November 24, 2017

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