2020 (6) TMI 826 - SCH - VAT and Sales Tax

Relevant date for calculation of interest - date from which, the simple interest at the rate of 8% per annum, in terms of Section 33(2) of the Goa Value Added Tax Act, 2005 (the said Act ) becomes payable, on the amount refundable under the provisions of the said Act - it was held by Bombay High Court that upon obtaining necessary sanction under Rule 30 of the said Rules beyond the period of 90 days from the date of the order of refund, or from the date of application for refund under Section 10(3) of the said Act, the Authorities cannot avoid payment of interest upon expiry of this period, on the specious plea that actual refund cannot be made without sanction under Rule 30 of the said Rules. HELD THAT - There are no ground to interfere with the impugned order(s) passed by the High Court. The special leave petition is, accordingly, dismissed.

Summary

The Supreme Court of India dismissed the special leave petition as they found no ground to interfere with the impugned order(s) passed by the High Court. Pending application(s), if any, shall stand disposed of.