https://www.taxtmi.com/caselaws?id=420389 The HC ruled in favor of the petitioner, a fly ash exporter, who sought IGST refund for exports to Qatar that was delayed due to alleged discrepancies between FOB value and IGST taxable value. Though the refund was eventually credited during the pendency of the petition, the court held that the petitioner was entitled to statutory interest on the delayed refund under Section 56 of the CGST Act, 2017. The authorities were directed to calculate and pay interest at a rate not exceeding 6% within six weeks, affirming taxpayers' rights to timely refund processing. en-us Wed, 23 Mar 2022 00:00:00 +0530 Wed, 02 Apr 2025 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420389 The HC ruled in favor of the petitioner, a fly ash exporter, who sought IGST refund for exports to Qatar that was delayed due to alleged discrepancies between FOB value and IGST taxable value. Though the refund was eventually credited during the pendency of the petition, the court held that the petitioner was entitled to statutory interest on the delayed refund under Section 56 of the CGST Act, 2017. The authorities were directed to calculate and pay interest at a rate not exceeding 6% within six weeks, affirming taxpayers' rights to timely refund processing. Case-Laws GST Wed, 23 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420389