https://www.taxtmi.com/caselaws?id=758057 The Madras HC dismissed Revenue's writ appeals challenging refund of excess IGST paid under Section 54 of GST Act, 2017. The dealer paid 18% ITC against 5% output tax, creating excess eligible for refund despite Revenue's argument that voluntary overpayment shouldn't qualify. The court upheld the refund principle where ITC exceeds output tax, confirming dealer's entitlement. However, the HC modified the interest rate from 9% to 6% per annum, payable after sixty days from the Original Authority's order date, applying the statutory maximum rate under GST provisions. en-us Wed, 14 Aug 2024 00:00:00 +0530 Fri, 09 May 2025 22:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758057 The Madras HC dismissed Revenue's writ appeals challenging refund of excess IGST paid under Section 54 of GST Act, 2017. The dealer paid 18% ITC against 5% output tax, creating excess eligible for refund despite Revenue's argument that voluntary overpayment shouldn't qualify. The court upheld the refund principle where ITC exceeds output tax, confirming dealer's entitlement. However, the HC modified the interest rate from 9% to 6% per annum, payable after sixty days from the Original Authority's order date, applying the statutory maximum rate under GST provisions. Case-Laws GST Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758057