No interest liability when IGST amount wrongly deposited as CGST

Shree Nanak Ferro Alloys Pvt. Ltd. Vs The Union of India (Jharkhand High Court) In a case where the assessee had wrongly deposited IGST as CGST, the Jharkhand High Court has quashed the letter saddling petitioner company with liability to pay short paid IGST along with interest. The High Court however directed the petitioner to deposit IGST and to claim refund of CGST or adjust the amount wrongly deposited under CGST for future liability of CGST. The court found substance in submission that deliberately cash deposit in cash ledger, assessee could not have possibly derived any benefit and that ...