Claim of interest on delayed refund - The claim was rejected on the ground that the amount was...

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. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X