https://www.taxtmi.com/article/detailed?id=12351 The High Court found that a subordinate authority cannot demand a bank guarantee in place of the solvent security ordered by the higher authority when processing an appellate-directed refund; the bank guarantee was held not equivalent to solvent security, the demand was contrary to the higher authority's direction, and the impugned order was set aside with a direction to comply promptly with the refund instruction. en-us Fri, 23 Feb 2024 08:25:16 +0530 Fri, 23 Feb 2024 08:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12351 The High Court found that a subordinate authority cannot demand a bank guarantee in place of the solvent security ordered by the higher authority when processing an appellate-directed refund; the bank guarantee was held not equivalent to solvent security, the demand was contrary to the higher authority's direction, and the impugned order was set aside with a direction to comply promptly with the refund instruction. Articles Goods and Services Tax - GST Fri, 23 Feb 2024 08:25:16 +0530 https://www.taxtmi.com/article/detailed?id=12351