https://www.taxtmi.com/caselaws?id=187803 Interest was directed on sales tax refund money retained by the revenue without justification, because the amount had been paid under protest on stone-crushing activity later treated as non-manufacturing activity. Although the statutory interest provision under section 54(1)(aa) of the Gujarat Sales Tax Act, 1969 applied from 1 April 1993, the pre-1993-94 period was covered by the compensatory principle that an assessee should receive interest when the State retains money unlawfully. Simple interest at 9% per annum was therefore payable for the earlier assessment period, with a higher rate applying if payment was delayed beyond the stipulated time. en-us Wed, 05 Apr 2006 00:00:00 +0530 Mon, 07 Nov 2016 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187803 Interest was directed on sales tax refund money retained by the revenue without justification, because the amount had been paid under protest on stone-crushing activity later treated as non-manufacturing activity. Although the statutory interest provision under section 54(1)(aa) of the Gujarat Sales Tax Act, 1969 applied from 1 April 1993, the pre-1993-94 period was covered by the compensatory principle that an assessee should receive interest when the State retains money unlawfully. Simple interest at 9% per annum was therefore payable for the earlier assessment period, with a higher rate applying if payment was delayed beyond the stipulated time. Case-Laws VAT and Sales Tax Wed, 05 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187803