Madras HC Directs GST Dept to Expedite Review of 14.5% Interest Levy Dispute

Trupthi Enterprises Vs Assistant Commissioner [ST] (Madras High Court) Madras High Court addressed a dispute involving Trupthi Enterprises, a reseller, challenging an assessment order dated December 8, 2022, which levied a 14.5% interest rate instead of the expected 5%. The petitioner argued that the entire tax amount had already been recovered, making them eligible for a refund. Despite submitting a rectification application on January 31, 2023, no action had been taken by the GST department. The respondent, representing the GST department, acknowledged the need for a rectification applicatio...