Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
The HC held that the petitioner is entitled to statutory interest at 6% per annum on the refund amount, commencing from the day after the expiry of sixty days from the receipt of the refund application until the refund is credited. This aligns with the precedent set by the Coordinate Bench, confirming that interest accrues under Section 56 of the CGST Act, 2017. The Court directed the respondent to pay the interest within two months. The petition was disposed of accordingly.
The HC held that the petitioner is entitled to statutory interest at 6% per annum on the refund amount, commencing from the day after the expiry of sixty days from the receipt of the refund application until the refund is credited. This aligns with the precedent set by the Coordinate Bench, confirming that interest accrues under Section 56 of the CGST Act, 2017. The Court directed the respondent to pay the interest within two months. The petition was disposed of accordingly.
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