https://www.taxtmi.com/caselaws?id=157453 Interest on refunds of illegally collected sales tax follows the applicable statutory refund provisions, which require simple interest at the prescribed rate where excess tax remains unpaid beyond the permitted period. Refund provisions under the Bengal Finance (Sales Tax) Act, 1941 and the West Bengal Sales Tax Act, 1954 therefore govern interest on delayed sales-tax refunds. Where entry-tax legislation contains no express interest provision, prolonged retention of an amount collected under an illegal levy may justify interest as compensation for the State's wrongful use of the taxpayer's money, calculated from the trial court judgment until refund. en-us Fri, 12 Feb 1993 00:00:00 +0530 Sat, 05 Oct 2013 16:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157453 Interest on refunds of illegally collected sales tax follows the applicable statutory refund provisions, which require simple interest at the prescribed rate where excess tax remains unpaid beyond the permitted period. Refund provisions under the Bengal Finance (Sales Tax) Act, 1941 and the West Bengal Sales Tax Act, 1954 therefore govern interest on delayed sales-tax refunds. Where entry-tax legislation contains no express interest provision, prolonged retention of an amount collected under an illegal levy may justify interest as compensation for the State's wrongful use of the taxpayer's money, calculated from the trial court judgment until refund. Case-Laws VAT and Sales Tax Fri, 12 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157453