Interest on refund - the wording of Section 42(1) of DVAT Act is ...
VAT and Sales Tax
July 25, 2019
Interest on refund - the wording of Section 42(1) of DVAT Act is unambiguous which talks of the two dates i.e. date the refund was due to be paid to the person and “until the date‟ on which the refund is “given‟ - The word “given‟ should mean, the date on which the refund amount is actually received by the Petitioner and not the date on which the refund order is issued - directed to pay interest
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