https://www.taxtmi.com/caselaws?id=795547 Interest for delayed GST returns is not payable on tax amounts credited to the Electronic Cash Ledger by the return due date, because those amounts remain earmarked for discharge of tax liability and operate as advance tax. Section 50 interest is compensatory and cannot apply after tax has been deposited merely because the ledger is debited when a delayed return is filed. The proviso to Rule 88B accords with this position. Rejecting a refund of excess interest without applying the binding ruling specifically brought to the authority's notice was arbitrary and showed non-application of mind. The excess interest was refundable with statutory interest. en-us Thu, 16 Jul 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795547 Interest for delayed GST returns is not payable on tax amounts credited to the Electronic Cash Ledger by the return due date, because those amounts remain earmarked for discharge of tax liability and operate as advance tax. Section 50 interest is compensatory and cannot apply after tax has been deposited merely because the ledger is debited when a delayed return is filed. The proviso to Rule 88B accords with this position. Rejecting a refund of excess interest without applying the binding ruling specifically brought to the authority's notice was arbitrary and showed non-application of mind. The excess interest was refundable with statutory interest. Case-Laws GST Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795547