Interest allowable on delayed refunds of GST Input Tax Credit: Telangana HC

Qualcom India Private Limited Vs Deputy Commissioner (ST)(FAC) and Ors. (Telangana High Court) Introduction: The Telangana High Court recently addressed the issue of interest on delayed refunds of Input Tax Credit (ITC) under Section 54 of the Central Goods and Services Tax (CGST) Act, 2017. Two writ petitions brought by different establishments questioned whether interest was due on delayed refund of ITC claimed under Section 54. This analysis delves into the court’s interpretation of the statutory provisions and its implications. Detailed Analysis: The court extensively analyzed Sectio...