Payment of Interest u/s 55 of JVAT Act: SC directs to Pay Interest at 6% on Refund Amount

SC directs to pay the interest at 6% on refund amount in the matter regarding payment of interest under Section 55 of JVAT Act
By Kalyani B. Nair - On January 10, 2024 11:29 am - 2 mins read
Payment of Interest - Interest - JVAT Act - Pay Interest - Refund Amount - sc - supreme court - TAXSCAN

The Supreme Court of India directed to pay the interest at 6% on refund amount in the matter regarding payment of interest under Section 55 of the Jharkhand Value Added Tax Act, 2005 (JVAT Act). The order dated 28.11.2023 passed by a Co-ordinate Bench of the Supreme Court in SLP (C) Diary No. 41193/2023 observed…

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