Tax Refund Claim Wins: Interest Awarded with Precision, Accounting for Procedural Timelines and Partial Relief Calculation

Tax Refund Claim Wins: Interest Awarded with Precision, Accounting for Procedural Timelines and Partial Relief CalculationCase-LawsGSTHC ruled that the Petitioner is entitled to interest on refund claim, with nuanced calculations. Interest shall be payabl

Tax Refund Claim Wins: Interest Awarded with Precision, Accounting for Procedural Timelines and Partial Relief Calculation
Case-Laws
GST
HC ruled that the Petitioner is entitled to interest on refund claim, with nuanced calculations. Interest shall be payable from 7th/9th September, 2019 till 9th June, 2023 at varying rates (6% initially, then 9%), with a deduction of 74 days corresponding to Petitioner's response time to deficiency memo. The court balanced the procedural delays by both

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =