https://www.taxtmi.com/caselaws?id=763945 Untransitioned Cenvat credit accrued under the erstwhile regime was held refundable in cash under the GST transitional refund mechanism where the credit could not be carried forward only because the revised return was filed after TRAN-1. The Tribunal treated that inability as a procedural consequence and not a bar to substantive refund, and applied the provision requiring disposal of such claims under the existing law. Once the refund was maintainable, interest on delayed payment was also held payable from the prescribed date after receipt of the refund application. The rejection of the refund claim was therefore unsustainable, with consequential relief granted to the assessee. en-us Fri, 18 Oct 2024 00:00:00 +0530 Wed, 01 Jan 2025 08:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763945 Untransitioned Cenvat credit accrued under the erstwhile regime was held refundable in cash under the GST transitional refund mechanism where the credit could not be carried forward only because the revised return was filed after TRAN-1. The Tribunal treated that inability as a procedural consequence and not a bar to substantive refund, and applied the provision requiring disposal of such claims under the existing law. Once the refund was maintainable, interest on delayed payment was also held payable from the prescribed date after receipt of the refund application. The rejection of the refund claim was therefore unsustainable, with consequential relief granted to the assessee. Case-Laws Service Tax Fri, 18 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763945