6% interest – OnlineTaxUpdate

Assessee entitled to interest on GST Refund from the date of expiry of 60 days of the application filed pursuant to refund claim attaining finality

byCA Bimal Jain06/12/202306/12/2023

The Hon’ble Delhi High Court in the case of Bansal International v. Commissioner of DGST and Anr. [W.P.(C) 11629/2023 dated…

GST Article High Court

Department Instructed to refund for the payment made during the search proceedings

byCA Bimal Jain17/08/202317/08/2023

The Hon’ble Punjab and Haryana High Court in M/s Parsvnath Traders v. Principal Commissioner, CGST and Another held that the deposited amount which was collected from assessee during the search proceedings is to be refunded along with interest @ 6% per annum from the date of deposit till the refund amount is released in his favour.

Denial of ITC Original price was: ₹595.00.Current price is: ₹470.00.
GST E-Way Bill - Taxmann Original price was: ₹1,095.00.Current price is: ₹756.00.
GST Implications on RNPOs -CP Original price was: ₹995.00.Current price is: ₹745.00.
GST Ready Reckoner 2026 Original price was: ₹3,195.00.Current price is: ₹2,200.00.
Company Balance Sheet and Profit & Loss Account under Accounting Standards & Schedule III (for the F.Y. 2025-26) Original price was: ₹2,895.00.Current price is: ₹2,171.00.