Interest is payable at 6% if refund is not granted within 60 days from the date of the original refund application
The Hon’ble Bombay High Court in the case of Altisource Business Solutions India Pvt. Ltd. v. Union of India &…
Tag: Sec. 56
Statutory interest under Section 56 GST Act is mandatorily payable on undisputed refund delayed beyond 60 days
The Hon’ble Gujarat High Court in the case of Vineet Polyfab Pvt. Ltd. & Anr. held that interest under Section 56 of the CGST Act is compulsory for delayed refunds exceeding 60 days from application, regardless of reason for delay, including …
Delhi HC stays Rs 1,140 crore tax demand against Oyo
In a big relief to OYO Hotels & Homes, the Delhi High Court has stayed the recovery of tax demand of Rs 1,140 crore raised under provisions of the so-called angel tax for the assessment year 2021-22 (Apr-Mar).
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…