Dealer Entitled to GST Refund When Input Tax Exceeds Output; Court Lowers Interest on Refund from 9% to 6.

Case-Laws – GST – Highlights – The High Court held that u/s 54 of the Goods and Services Tax Act, 2017, when the input tax credit paid is higher than the output tax, the dealer is entitled to seek a refund of the excess amount. The Court rejected the Rev

Dealer Entitled to GST Refund When Input Tax Exceeds Output; Court Lowers Interest on Refund from 9% to 6.
Case-Laws
GST
The High Court held that u/s 54 of the Goods and Services Tax Act, 2017, when the input tax credit paid is higher than the output tax, the dealer is entitled to seek a refund of the excess amount. The Court rejected the Revenue's argument that the dealer voluntarily paid excess tax, as the legislative intent is to provide a refund when the input tax credit exceeds the

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