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SC Directs 6% Interest on JVAT Act Refund: Jharkhand vs Kirloskar
Case Law Details
- Case Name
- State Of Jharkhand & Ors. Vs Kirloskar Brothers Limited (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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State Of Jharkhand & Ors. Vs Kirloskar Brothers Limited (Supreme Court of India)
Introduction: In a significant verdict, the Supreme Court of India, in the case of State of Jharkhand & Ors. vs Kirloskar Brothers Limited, has directed the payment of interest at 6% on the refund amount under Section 55 of the Jharkhand Value Added Tax Act, 2005 (JVAT Act). The judgment builds upon a previous order dated 28.11.2023, setting the tone for the resolution of disputes related to the refund of the principal amount.
Detailed Analysis: The case revolves around the respondent’s application f...
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