GST DAILY – 406 : Assessee was entitled to interest on refund amount due to delayed crediting of refund to the bank account: HC

THE HON’BLE ALLAHABAD HIGH COURT IN THE CASE OF TATA Aldesa (J.V.) V/s State of UP, decided on 2-12-2024

👉 Issue:-

✔️ Can Assessee get interest on refund amount, if delayed crediting bank account?

👉 The Hon’ble High Court Judgement:-

✔️ Where despite directions issued to respondent authority, refund amount was not disbursed to assessee within 60 days, assessee was entitled to interest on refund amount and respondent authority was to be directed to disburse interest on refund.

Section 56 of Central Goods and Services Tax Act, 2017