Grant of interest / compensation for delayed Refund of ...

Case Laws GST

April 21, 2022

Grant of interest / compensation for delayed Refund of unutilized input tax credit - Rate of interest - HC awarded 9% instead of 6% applying the proviso to section 56 - zero rated supply - export of goods - The instant cases have not arisen from any order passed by an Adjudicating Authority or Appellate Authority or Appellate Tribunal or Court and the cases are strictly within the scope of the principal provision of Section 56 and not under the proviso thereof. - The High Court was in error in awarding interest at the rate exceeding 6 per cent in the instant matters. - SC

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Grant of interest / compensation for delayed Refund of ...

Case Laws GST

April 21, 2022

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