Six per cent interest payable in case delay in granting GST refund is not ‘inordinate’: SC

Overturns ruling by High Court which asked the tax department to pay 9% interest The Supreme Court has held that in case of a delay in processing GST refund, a 6 per cent interest is also to be paid, provided the delay is ‘inordinate’.  The ruling comes after the Centre filed an appeal against the verdict of the Gujarat High Court which had asked the Tax Department to pay interest at the rate…