No Interest on incorrectly availed ITC if assessee has sufficient credit in their account

Infac India Pvt. Ltd. Vs Deputy Commissioner (Madras High Court)

In a pivotal judgment that underscores the nuanced interpretations of the Central Goods and Services Tax (GST) Act, 2017, the Madras High Court rendered a verdict in the case of Infac India Pvt. Ltd. Vs Deputy Commissioner. This case delves into the complex domain of GST refunds, the transition of credits from the pre-GST regime, and the calculation of interest on incorrectly availed credits. The court’s decision provides significant clarity on several as

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