Claim of interest on delayed refund - The claim was rejected on ...

GST

January 30, 2024

Claim of interest on delayed refund - The claim was rejected on the ground that the amount was recredited to the credit ledger - High court found this contention incorrect since the petitioner was eligible for an SGST refund, indicating that the delay in recrediting was unreasonable. Section 56 of the CGST Act entitles a taxpayer to interest on delayed refunds if not processed within sixty days of the application. - Interest @6% to be granted.

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Claim of interest on delayed refund - The claim was rejected on ...

GST

January 30, 2024

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