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Department liable to pay simple interest on delay in grant of IGST refund to Exporters @9% pa: Gujarat High Court

The Hon’ble Gujarat High Court in the matter of M/s. Saraf Natural Stone vs Union of India held that the Department is liable to pay simple interest on the delayed payment of IGST refund paid on export, at the rate of 9% per annum. The said interest is payable from the date of filing of GSTR-3B till date of actual receipt of refund. Section 54 read with Rule 91 provides that the provisional refund of 90% is to be granted within sixty days from the date of receipt of application complete in all respects.

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