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VAT - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Interest on delayed refund - relevant date for calculation of ...


Interest Rates on Delayed Refunds: 9% Pre-GVAT Act, 6% Post-GVAT Act; Doctrine of Merger Applies for Date Calculation.

March 19, 2019

Case Laws     VAT and Sales Tax     HC

Interest on delayed refund - relevant date for calculation of interest - Doctrine of merger - for the period prior GVAT Act, interest is payable @ 9% per annum and post GVAT Act, interest is payable @ 6% per annum.

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