Adjustment of interest permissible on tax liability against IGST refund claim: SC

Grapes Digital Private Limited Vs Principal Commissioner, CGST, Delhi & Ors. (Supreme Court of India) In the case of M/s Grapes Digital Pvt. Ltd. vs Principal Commissioner, CGST, Delhi & Ors., the Supreme Court admitted a Special Leave Petition (SLP) challenging a Delhi High Court decision regarding the adjustment of interest on delayed IGST payments against a refund claim. The petitioner, engaged in digital media services, exported services without paying IGST under the Letter of Undertaking (LUT). Later, the petitioner paid IGST on reverse charge mechanism (RCM) and sought a refund. ...