GST refund pertains to Fourth Quarter Assessment Year: Delhi HC grants Interest at 6% per annum [Read Order]

The Delhi High Court granted interest at 6% per annum as the GST refund pertains to fourth quarter Assessment Year.

The Petitioner sought a direction to the respondent to issue a refund of Rs. 11,09,895/- for the fourth quarter 2014-15 besides interest thereon.

The counsel for the respondent under instructions submitted that the application for refund shall be processed expeditiously and same shall be disposed of within a period of two weeks from today.

A Division Bench comprising Justice Sanjeev Sachdeva and Justice Ravinder Dudeja observed that “In view of the above, petition is allowed. The respondents are directed to process the application for refund of the petitioner in accordance with law within two weeks and in case the refund is payable the same shall be paid. Since the refund pertains to the fourth quarter of 2014-15, petitioner shall also be entitled to statutory interest @ 6% per annum from the date the amount is found to be due and payable”.

To Read the full text of the Order CLICK HERE

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