- Supreme Court admits SLP challenging levy of interest in revenue neutral transaction
- Case involves Grapes Digital Private Limited v. Principal Commissioner, CGST
- Delhi High Court had upheld levy of interest on delayed payment of IGST under RCM
- Petitioner argues that delay in payment did not prejudice revenue as refund was due
- Petitioner relies on Pratibha Processors v. Union of India judgement
- Petitioner argues that intent of State exchequer is to make exports tax free and competitive
Source: jsalaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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