Provisions of section 56 of CGST Act mandates payment of interest in case of delayed refund

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 p...