https://www.taxtmi.com/caselaws?id=167973 Interest is payable on a delayed sales tax refund under section 32 of the Assam General Sales Tax Act, 1993 where the refund is not made within ninety days. The provision is compensatory, intended to offset loss from late payment of money due, and its operation is not excluded merely because the refund arises under the Assam Industries (Sales Tax Concession) Scheme, 1997. Since the scheme adopts the statutory refund machinery, delay in granting the refund attracts the statutory consequence of interest. A restrictive reading would defeat the plain language and object of the refund provision. en-us Fri, 28 Sep 2012 00:00:00 +0530 Tue, 06 Jan 2015 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167973 Interest is payable on a delayed sales tax refund under section 32 of the Assam General Sales Tax Act, 1993 where the refund is not made within ninety days. The provision is compensatory, intended to offset loss from late payment of money due, and its operation is not excluded merely because the refund arises under the Assam Industries (Sales Tax Concession) Scheme, 1997. Since the scheme adopts the statutory refund machinery, delay in granting the refund attracts the statutory consequence of interest. A restrictive reading would defeat the plain language and object of the refund provision. Case-Laws VAT and Sales Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167973