https://www.taxtmi.com/caselaws?id=269892 Interest under the Maharashtra Value Added Tax Act was analysed in the context of a refund application filed within time but decided only after the statutory period. Reading sections 30(2), 50 and 51 together, the delayed refund process and consequential direct credit could not be treated as a default by the dealer where the refundable amount was already with the department and the delay arose from the authority's failure to act within time. On that reasoning, section 30(2) was held inapplicable on the stated facts and the interest demand was unsustainable; the impugned demand notice was quashed. en-us Thu, 04 Dec 2014 00:00:00 +0530 Fri, 04 Mar 2016 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269892 Interest under the Maharashtra Value Added Tax Act was analysed in the context of a refund application filed within time but decided only after the statutory period. Reading sections 30(2), 50 and 51 together, the delayed refund process and consequential direct credit could not be treated as a default by the dealer where the refundable amount was already with the department and the delay arose from the authority's failure to act within time. On that reasoning, section 30(2) was held inapplicable on the stated facts and the interest demand was unsustainable; the impugned demand notice was quashed. Case-Laws VAT and Sales Tax Thu, 04 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269892