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- Whether interest on delayed refund of GST is payable from the date of payment of tax or from the date on which the levy was held to be unconstitutional ?
Whether interest on delayed refund of GST is payable from the date of payment of tax or from the date on which the levy was held to be unconstitutional ?
TRT-2026-1607
Issue Favourable to Tax Payer ?:- yes
Held - It is clear that the petitioner is entitled to interest on the amount refunded with respect to IGST collected on “ocean freight” for the period the opposite parties retained the same and restrained the petitioner from utilising it. In other words, such interest should commence to run from the date on which the petitioner parted with the money in the first instance and was restrained from usi.....
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