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Tag: Sec. 56

ArticleGST Article

Interest is payable at 6% if refund is not granted within 60 days from the date of the original refund application

byCA Bimal Jain27/10/202527/10/2025

The Hon’ble Bombay High Court in the case of Altisource Business Solutions India Pvt. Ltd. v. Union of India & Ors. [W.P. No. 5312 of 2024, order dated September 30, 2025] held that interest at 6% under Section 56 of…

ArticleGST Article

Statutory interest under Section 56 GST Act is mandatorily payable on undisputed refund delayed beyond 60 days

byCA Bimal Jain23/10/202523/10/2025

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 …

Income Tax in Media

Delhi HC stays Rs 1,140 crore tax demand against Oyo

byAdmin15/07/202515/07/2025

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).

GST ArticleHigh Court

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 November 21, 2023] allowed the writ petition and held that interest at the rate of six percent would be payable…

Lawgics

Lawgics – Judgment No. 020

byNidhi Aggarwal29/11/202302/03/2024

Lawgics by Advocate and Author Nidhi Aggarwal. Judgment no. 020

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Latest Post

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