https://www.taxtmi.com/caselaws?id=357666 Where a refund was granted subject to the result of pending Supreme Court proceedings and backed by an indemnity bond, a later reversal of that underlying decision allowed recovery of the refunded amount despite repeal of the KVAT Act, because the KGST saving provisions preserved liabilities and recovery actions. The Court also held that repayment of the tax was mandatory on the facts, but interest could not be levied or quantified automatically through an administrative circular without giving the taxpayer a reasonable opportunity of hearing; the circular was therefore read down to that extent. en-us Thu, 08 Mar 2018 00:00:00 +0530 Wed, 19 Aug 2020 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357666 Where a refund was granted subject to the result of pending Supreme Court proceedings and backed by an indemnity bond, a later reversal of that underlying decision allowed recovery of the refunded amount despite repeal of the KVAT Act, because the KGST saving provisions preserved liabilities and recovery actions. The Court also held that repayment of the tax was mandatory on the facts, but interest could not be levied or quantified automatically through an administrative circular without giving the taxpayer a reasonable opportunity of hearing; the circular was therefore read down to that extent. Case-Laws VAT and Sales Tax Thu, 08 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357666