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of <h1>Delayed Tax Refunds Under Section 54(5) Trigger Interest Payments of Up to Nine Percent After Sixty Days</h1> If a tax refund under section 54(5) of the Central Goods and Services Tax Act, 2017, is delayed beyond sixty days from the application receipt date, interest up to six percent is payable, as specified by government notification. If the refund results from a final order by an adjudicating authority, appellate body, or court and is delayed beyond sixty days, interest up to nine percent is applicable. Interest is calculated from the sixty-first day after the application receipt until the refund date, subject to prescribed conditions and restrictions.
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