Case Law Details
Panji Engineering Private Limited Vs Union of India (Gujarat High Court)
Gujarat High Court held that as per provisions of section 56 of the Central Goods and Services Tax Act, 2017 [CGST Act, 2017], it is mandatory to pay interest in case of delayed refund. Accordingly, petitioner is entitled to interest on delayed refund.
Facts- The petitioner has challenged inaction on the part of respondents of not sanctioning refund claims of Integrated Goods and Service Tax paid on export of goods and duty drawback eligible to the petitioner without any reason.
It is the case of the petitioner that the petitioner availed input tax credit as per the provisions of Central Goods and Services Tax Act, 2017 on the goods and services purchased by the petitioner. The goods and services are used in manufacture of submersible pumps which are further supplied in India and exported outside India.
As per Section 16 of the Integrated Goods and Services Tax Act, 2017, the petitioner is eligible for the refund of paid Integrated Tax and also eligible for Customs Act, 1972.
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