Interest on Delayed VAT Payments Cut to 6% During Court Writs; Statutory Rates Apply Otherwise.

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....Rate of interest on delayed payment of VAT / Tax - the rate of interest is scaled down to 6% per annum for the period during which the writ petitions were pending before this Court. The petitioner of course has to pay at the statutory rate of interest for the period before filing of the writ petitions and for the period commencing from the date of disposal of the writ petitions till the date of payment. - HC....