Interest under DVAT Act Payable from Refund Due Date: Delhi HC

Ramky Infrastructure Limited Vs Commissioner of Trade & Taxes (Delhi High Court) Introduction: The case of Ramky Infrastructure Limited vs. Commissioner of Trade & Taxes deals with the interpretation of Section 42(1)(a) of the Delhi Value Added Tax (DVAT) Act regarding the computation of interest on refunds. This analysis explores the implications of the court’s decision on refund dates and tax liabilities. Analysis: The central issue revolves around the date from which interest should be calculated for a refund under Section 42(1)(a) of the DVAT Act. The section specifies that...