IGST on ocean freight: entitlement to refund interest from date of payment; 6% then 9% for delayed payment.

IGST on ocean freight: entitlement to refund interest from date of payment; 6% then 9% for delayed payment.Case-LawsGSTIGST charged on the ocean freight component pursuant to notifications was held not exigible and refunded; the Court treats retention of

IGST on ocean freight: entitlement to refund interest from date of payment; 6% then 9% for delayed payment.
Case-Laws
GST
IGST charged on the ocean freight component pursuant to notifications was held not exigible and refunded; the Court treats retention of such tax as contrary to constitutional provisions and rejects reliance on Section 54/56 procedural provisions for denial of interest. The petitioner is awarded restitutionary relief in the form of simple interest running from the dat

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