Interest on delayed GST refunds: prescribe electronic acknowledgement time limits and distinct rates to prevent arbitrary rejections. Interest on delayed GST refunds should start automatically after a prescribed statutory time limit measured from the system generated electronic acknowledgement confirming the refund application is complete; authorities may raise a single deficiency memo within a limited period, and piecemeal queries should be avoided. The law should set distinct interest rates for delayed refunds and for defaults in GST payment, and provide that interest accrues from the last date when the refund should have been sanctioned, including where payment is ordered by an appellate authority.
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Provisions expressly mentioned in the judgment/order text.
Interest on delayed GST refunds: prescribe electronic acknowledgement time limits and distinct rates to prevent arbitrary rejections.
Interest on delayed GST refunds should start automatically after a prescribed statutory time limit measured from the system generated electronic acknowledgement confirming the refund application is complete; authorities may raise a single deficiency memo within a limited period, and piecemeal queries should be avoided. The law should set distinct interest rates for delayed refunds and for defaults in GST payment, and provide that interest accrues from the last date when the refund should have been sanctioned, including where payment is ordered by an appellate authority.
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