https://www.taxtmi.com/article/detailed?id=12633 The adjudicating authority imposed interest on excess wrongful ITC despite the taxpayer having deposited the disputed tax; the appellate authority refused to reduce the rate or permit instalment payments. The court held the appellate order not amenable to writ interference and directed that requests for payment of interest in instalments be made to the Commissioner under the statutory relief mechanism. The note further states that a legislative amendment reduced the applicable interest rate retrospectively, so interest should reflect the lower rate. en-us Fri, 24 May 2024 10:01:09 +0530 Fri, 24 May 2024 10:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12633 The adjudicating authority imposed interest on excess wrongful ITC despite the taxpayer having deposited the disputed tax; the appellate authority refused to reduce the rate or permit instalment payments. The court held the appellate order not amenable to writ interference and directed that requests for payment of interest in instalments be made to the Commissioner under the statutory relief mechanism. The note further states that a legislative amendment reduced the applicable interest rate retrospectively, so interest should reflect the lower rate. Articles Goods and Services Tax - GST Fri, 24 May 2024 10:01:09 +0530 https://www.taxtmi.com/article/detailed?id=12633