https://www.taxtmi.com/forum/issue?id=113962 Section 54(12) of the CGST Act allows a lower interest rate on delayed refunds than the higher interest charged for wrongly availed input tax credits; the differential is defended as a permissible policy measure serving as a deterrent, with rates borne out by delegated notifications. The statutory scheme does not fix a maximum interest rate, and challenge under Article 14 requires evidence that the prescribed rate is arbitrary or causes undue hardship. Inclusion of governments within the definition of "person" and instances where governments incur interest liabilities weigh against a finding of unconstitutional discrimination. en-us Tue, 17 Jul 2018 18:17:33 +0530 Thu, 23 Jan 2025 15:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113962 Section 54(12) of the CGST Act allows a lower interest rate on delayed refunds than the higher interest charged for wrongly availed input tax credits; the differential is defended as a permissible policy measure serving as a deterrent, with rates borne out by delegated notifications. The statutory scheme does not fix a maximum interest rate, and challenge under Article 14 requires evidence that the prescribed rate is arbitrary or causes undue hardship. Inclusion of governments within the definition of "person" and instances where governments incur interest liabilities weigh against a finding of unconstitutional discrimination. Discussion-Forum GST Tue, 17 Jul 2018 18:17:33 +0530 https://www.taxtmi.com/forum/issue?id=113962