No interest on ITC wrongly claimed but not utilised & reversed subsequently

Larsen & Toubro Limited Vs State of West Bengal & Ors. (Calcutta High Court) Introduction: The case of Larsen & Toubro Limited Vs State of West Bengal & Ors., heard by the Calcutta High Court, involves a dispute concerning the imposition of interest under Section 50 of the WBGST Act, 2017. This article delves into the details of the case and the court’s ruling on the matter. Detailed Analysis: The petitioner, Larsen & Toubro Limited, challenged a communication dated May 2, 2018, wherein they were asked to pay interest under Section 50 of the WBGST Act, 2017. The basis...