Case Law Details
Case Name : Saraf Natural Stone Vs UOI (Gujarat High Court)
Related Assessment Year :
Courts :
All High Courts Gujarat High Court
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Saraf Natural Stone Vs UOI (Gujarat High Court)
After implementation of GST, refund on exports got substantially delayed to most of the exporters resulting into blockage of working capital and harming the business of exporter community.
In a recent Judgement delivered by The Hon’ble Gujarat High Court in Matter of M/s. Saraf Natural Stone Vs Union Of India it was held that Department is liable to pay simple interest on the delayed payment of IGST refund paid on export, at the rate of 9% per annum. The Said interest is payable from the date of filing of GSTR-3B till date of actual receipt of ...
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Author Bio
Yes, I am an accountant at Saraf Natural Stone, and I have successfully received interest on the late refund of IGST paid by the department, thanks to the expertise of our CA, Shri Abhishek Chopraji. His profound knowledge, technical acumen, and strategic vision have been invaluable in navigating complex GST matters. We are truly grateful to have the guidance of such a dedicated professional. Our sincere appreciation to Shri Abhishek Chopraji for his exceptional support.
it means exporters are eligible to get refund after just filling of 3B
For Example- 3B filled on 20th Jun and refund received on 01 july then intt. is eligible or not.