Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Interest on delayed refund of tax u/s 56 of Central Goods and Services Tax Act, 2017 is payable from expiry of 60 days from date of filing shipping bill till date of actual refund, irrespective of any interim period where assessee's name was red-flagged on department's portal. Section 56 provides for period of interest payment, commencing from date of receipt of refund application till refund grant. Shipping bill is considered refund application, hence interest accrues after 60 days from its filing. Denying interest by excluding contingent period of red-flagging would amount to rewriting Section 56, which is impermissible. Assessee is entitled to interest for entire period from 60 days after shipping bill till date of refund grant.
Interest on delayed refund of tax u/s 56 of Central Goods and Services Tax Act, 2017 is payable from expiry of 60 days from date of filing shipping bill till date of actual refund, irrespective of any interim period where assessee's name was red-flagged on department's portal. Section 56 provides for period of interest payment, commencing from date of receipt of refund application till refund grant. Shipping bill is considered refund application, hence interest accrues after 60 days from its filing. Denying interest by excluding contingent period of red-flagging would amount to rewriting Section 56, which is impermissible. Assessee is entitled to interest for entire period from 60 days after shipping bill till date of refund grant.
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