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of <h1>Proposal for GST Law: 90-Day Refund Mandate, Automatic Interest on Delays, and Different Rates for Refunds and Defaults.</h1> The GST Law should mandate a 90-day period for processing refunds from the date of system-generated acknowledgment. Interest should accrue automatically if this period is exceeded. For incomplete refund applications, the law should specify that interest calculation starts from the acknowledgment of a complete application. Tax authorities have 30 days to raise queries on deficiencies, and piecemeal queries should be avoided. Different interest rates are suggested: around 6% for delayed refunds and 18% for GST payment defaults. Interest accrues from the last date for refund sanctioning, even if an appellate order mandates payment, to deter frivolous rejections.
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