https://www.taxtmi.com/caselaws?id=761799 The Bombay HC ruled that a petitioner was entitled to interest under Section 56 of the CGST Act, 2017 for delayed refund payment. The court held that interest must be calculated from 60 days after the shipping bill date until the actual refund date, despite the petitioner being red-flagged during this period. The HC determined that Section 56 contains no provision excluding such contingencies, and accepting the respondent's argument would impermissibly rewrite the statutory provision. The petition was allowed, establishing that administrative delays or red-flagging cannot justify denial of statutory interest on delayed tax refunds. en-us Thu, 14 Nov 2024 00:00:00 +0530 Sat, 17 May 2025 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761799 The Bombay HC ruled that a petitioner was entitled to interest under Section 56 of the CGST Act, 2017 for delayed refund payment. The court held that interest must be calculated from 60 days after the shipping bill date until the actual refund date, despite the petitioner being red-flagged during this period. The HC determined that Section 56 contains no provision excluding such contingencies, and accepting the respondent's argument would impermissibly rewrite the statutory provision. The petition was allowed, establishing that administrative delays or red-flagging cannot justify denial of statutory interest on delayed tax refunds. Case-Laws GST Thu, 14 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761799