https://www.taxtmi.com/caselaws?id=461752 Gujarat HC directed the state to pay Rs. 96,86,040 as balance interest amount within six weeks. The court determined that Rs. 4,47,16,002 was payable as interest on outstanding differential VAT amount of 0.5% for 62 invoices under an agreement dated 03.02.2010. The court clarified that interest awarded is not always punitive but can be compensatory. The writ application was allowed to the extent of directing payment of the balance interest amount. en-us Thu, 21 Oct 2021 00:00:00 +0530 Fri, 25 Apr 2025 18:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461752 Gujarat HC directed the state to pay Rs. 96,86,040 as balance interest amount within six weeks. The court determined that Rs. 4,47,16,002 was payable as interest on outstanding differential VAT amount of 0.5% for 62 invoices under an agreement dated 03.02.2010. The court clarified that interest awarded is not always punitive but can be compensatory. The writ application was allowed to the extent of directing payment of the balance interest amount. Case-Laws Indian Laws Thu, 21 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461752