https://www.taxtmi.com/caselaws?id=751184 The HC ruled that taxpayers are entitled to interest on delayed refund of Input Tax Credit under Section 54 of the CGST Act, 2017. The court held that when the Department delays refund beyond the stipulated timeframe, interest must be paid, consistent with SC and other HC decisions across various tax statutes. The court rejected the Department's practice of issuing deficiency memos to defer interest payments, noting this would enable processing beyond statutory timelines under Rule 90 of CGST Rules and effectively constitute rejection of the original refund application. The petition was allowed, directing immediate payment of interest on the delayed ITC refund. en-us Wed, 20 Mar 2024 00:00:00 +0530 Wed, 30 Apr 2025 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751184 The HC ruled that taxpayers are entitled to interest on delayed refund of Input Tax Credit under Section 54 of the CGST Act, 2017. The court held that when the Department delays refund beyond the stipulated timeframe, interest must be paid, consistent with SC and other HC decisions across various tax statutes. The court rejected the Department's practice of issuing deficiency memos to defer interest payments, noting this would enable processing beyond statutory timelines under Rule 90 of CGST Rules and effectively constitute rejection of the original refund application. The petition was allowed, directing immediate payment of interest on the delayed ITC refund. Case-Laws GST Wed, 20 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751184