As a result, huge amounts of our VAT refunds are stuck with the department. Non-payment of interest on our pending refunds – even after there is a clear-cut rule for the same – is like adding insult to injury. If the government can penalize industrialists for making a default in payment, why can’t officers be punished for not obeying rules? “Speaking on the issue, Anurag Verma, excise and taxation commissioner, Punjab, said: “I have received complaints of pendancy of VAT refunds in range-3 of our Ludhiana office, and so we have given charge to assistant excise and taxation commissioner (AETC)-2 for faster processing of refunds. Accusing officers of flouting rules and harassing industrialists, president of Fasteners Manufacturers Association of India, Narinder Bhamra, said: “There are thousands of VAT refund cases in the department’s Ludhiana office, which are pending for the past few months.
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via Industrialists accuse tax dept of delaying VAT refunds | Ludhiana NYOOOZ.