Interest on Delayed Refund Payable under Section 56 of CGST Act: Bombay HC

Anita Agarwal Vs Union of India (Bombay High Court) Bombay High Court held that interest on delayed refund is payable as per section 56 of the Central Goods and Services Tax Act (CGST Act) and the period for grant of interest would begin on expiry of 60 days from the date of the shipping bill. Facts- The Petitioner is an exporter and supplier of Ethyl Alcohol Liquid Packaging Film, Iodized salt, etc. On export of the goods, the Petitioner makes payment of Integrated Goods and Services Tax and claims the refund of same based on shipping bills as per the provisions of Section 16(3) of IGST Act r...