Interest @9% payable under GST when amount not refunded within 60 days from date of order of First Authority

Lupin Limited Vs Union of India (Bombay High Court) Bombay High Court held that combine reading of section 56 and 54(1) of the CGST Act states that interest @9% is payable when amount is not refunded within 60 days from the date of the order passed by the First Authority. Facts- The petitioner, a company having its registered office in Verna, IDC, Salcete, South Goa, is aggrieved by the impugned order in appeal dated 07.03.2024 passed by the respondent no.2, thereby rejecting the appeal and upholding the orders in original dated 10.07.2023 and 07.2023. Notably, the petitioner filed two distinc...