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of <h1>Simple Interest on Delhi VAT Refunds Calculated Daily; Adjustments for Dues and Delays Affect Interest Issued.</h1> Under the Delhi Value Added Tax Act, 2004, individuals entitled to a tax refund will receive simple interest, calculated daily, from the date the refund was due or the overpayment was made, until the refund is issued. Interest is calculated after deducting any dues under this Act or the Central Sales Tax Act. If a refund is adjusted, interest will be adjusted accordingly. Delays caused by the claimant exclude interest for that period. Defaults in tax payments incur daily interest until resolved. If tax liabilities are reduced, interest is adjusted or refunded. Interest can be collected as tax due once payable.
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