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
Tag: interest on refund
Interest is mandatory to be paid on refundable pre-deposit of an appeal
The CESTAT, Allahabad in the case of M/s India Yamaha Motor Pvt. Ltd. allowed appeal and ruled that even if the interest is not claimed specifically by an Assessee, that does not absolve the Adjudicatory Authority from mandatory legal responsibility to grant interest on the amount refunded.
Assessee is entitled to Interest immediately after the expiry of sixty days from date of refund applications till date on which refund was credited to bank account
The Hon’ble Delhi High Court, in the case of Raghav Ventures held that the Petitioner is automatically entitled to interest at 6% under Section 56 of the CGST Act if the refund is not processed within 60 days from the date of refund application till date on which refund was credited to the bank account of the Petitioner.
Assessee is entitled to interest from the date immediately after the expiry of sixty days from the date of receipt of the GST refund application
The Hon’ble Delhi High Court, in the case of Raghav Ventures vs. Commissioner of Delhi [Writ Petition (Civil) No. 12209…
Interest of 15% is allowed on delayed refund of deemed-export duty-drawback
The Hon’ble Supreme Court in the case of Union of India and Ors. v. M/s. B.T. Patil and Sons Belgaum…
GST DAILY – 170
Interest on refund to be paid if amount isn’t refunded within 60 days from date of application THE HON’BLE RAJASTHAN…
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
The Hon’ble Delhi High Court in the case of Bansal International v. Commissioner of DGST and Anr. [W.P.(C) 11629/2023 dated…