Gujarat HC Orders Interest on Delayed IGST Refund Caused by Technical Glitch

Vineet Polyfab Pvt. Ltd. & Anr Vs Union of India & Ors. (Gujarat High Court) Statutory interest under Section 56 GST Act is mandatorily payable on undisputed refund delayed beyond 60 days Gujarat High Court, in its recent decision, directed the GST authorities to pay statutory interest under Section 56 of the CGST Act, 2017 for delayed IGST refund arising from exports, emphasizing that such interest is compensatory and mandatory. The petitioner had exported polyester yarn and paid IGST of ₹7,53,469 through five shipping bills at Hazira Port. Although the refund was sanctioned only af...