Interest on delayed GST refunds accrues after the statutory period until payment; higher rate applies when refund follows final orders. Interest on delayed refunds is payable from the day after the prescribed statutory period until payment; a lower notified ceiling applies generally, and a higher notified ceiling applies where the refund claim follows a final adjudicatory, appellate or judicial order. Appellate, tribunal or court orders granting refund against a proper officer's order are deemed to be orders under the refund provision for calculating interest.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest on delayed GST refunds accrues after the statutory period until payment; higher rate applies when refund follows final orders.
Interest on delayed refunds is payable from the day after the prescribed statutory period until payment; a lower notified ceiling applies generally, and a higher notified ceiling applies where the refund claim follows a final adjudicatory, appellate or judicial order. Appellate, tribunal or court orders granting refund against a proper officer's order are deemed to be orders under the refund provision for calculating interest.
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