https://www.taxtmi.com/caselaws?id=751775 Interest on delayed VAT refunds was treated as payable from the time the refund became due under the Delhi Value Added Tax Act, 2004, with simple interest continuing until actual disbursal under the statutory scheme. The claim for interest was also confined by the Limitation Act, so it could not run indefinitely and was limited to the three-year period immediately preceding the filing of the petition. The applicable rate was 6% per annum in terms of the notified rate, and interest was to be calculated on the refunded amount for the permissible period only. en-us Wed, 10 Apr 2024 00:00:00 +0530 Thu, 25 Apr 2024 06:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751775 Interest on delayed VAT refunds was treated as payable from the time the refund became due under the Delhi Value Added Tax Act, 2004, with simple interest continuing until actual disbursal under the statutory scheme. The claim for interest was also confined by the Limitation Act, so it could not run indefinitely and was limited to the three-year period immediately preceding the filing of the petition. The applicable rate was 6% per annum in terms of the notified rate, and interest was to be calculated on the refunded amount for the permissible period only. Case-Laws VAT and Sales Tax Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751775