https://www.taxtmi.com/caselaws?id=200041 VAT exemption under the earlier regime ceased on commencement of the Bihar Value Added Tax Act, 2005, which permitted only a prescribed deferment option. Deferment required a timely application in Form A-XII under the Rules, and default in payment of tax or deferred tax attracted statutory interest. No immunity from interest arose where the deferment option was not exercised in the prescribed manner. Refund or waiver of interest was also unavailable unless the claimant established that the burden had not been passed to consumers; otherwise, repayment would result in unjust enrichment. en-us Tue, 16 Aug 2016 00:00:00 +0530 Sat, 17 Mar 2018 20:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200041 VAT exemption under the earlier regime ceased on commencement of the Bihar Value Added Tax Act, 2005, which permitted only a prescribed deferment option. Deferment required a timely application in Form A-XII under the Rules, and default in payment of tax or deferred tax attracted statutory interest. No immunity from interest arose where the deferment option was not exercised in the prescribed manner. Refund or waiver of interest was also unavailable unless the claimant established that the burden had not been passed to consumers; otherwise, repayment would result in unjust enrichment. Case-Laws VAT and Sales Tax Tue, 16 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200041