https://www.taxtmi.com/caselaws?id=376946 Statutory interest on a sales tax refund was held payable where the appellate authority merely corrected the assessment and the refund arose as a consequence of that correction; the appellate order was treated as merging with the assessment for section 54 purposes, so the refund could not be denied interest. The Court also applied different interest rates for different periods: 9% per annum under section 54 of the Gujarat Sales Tax Act, 1969 up to 31 March 2006, and 6% per annum under section 38 of the Gujarat Value Added Tax Act, 2003 thereafter, because the refund was made after the VAT regime commenced. en-us Thu, 07 Feb 2019 00:00:00 +0530 Mon, 18 Mar 2019 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376946 Statutory interest on a sales tax refund was held payable where the appellate authority merely corrected the assessment and the refund arose as a consequence of that correction; the appellate order was treated as merging with the assessment for section 54 purposes, so the refund could not be denied interest. The Court also applied different interest rates for different periods: 9% per annum under section 54 of the Gujarat Sales Tax Act, 1969 up to 31 March 2006, and 6% per annum under section 38 of the Gujarat Value Added Tax Act, 2003 thereafter, because the refund was made after the VAT regime commenced. Case-Laws VAT and Sales Tax Thu, 07 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376946