Delayed Deficiency Memo Doesn’t Bar Full GST ITC Refund Interest: Delhi HC

M S G S Industries Vs Commissioner of Central Tax And GST (Delhi High Court)

Delhi High Court has ruled that a delay in issuing a deficiency memo by Goods and Services Tax (GST) authorities cannot be used as a reason to deny an applicant full interest on a delayed Input Tax Credit (ITC) refund. The judgment in M/S G.S. Industries vs. Commissioner of Central Tax And GST provides a detailed framework for calculating interest on delayed refunds, ensuring that taxpayers are compensated for administrative delays.

The case involved M/S G.S. Industries (the Petitio

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