Interest on delayed GST refunds applies when refunds exceed prescribed timeframe; higher interest applies for refunds from final appellate orders. Interest is payable on GST refunds not made within sixty days of receipt of the refund application, at a government notified capped rate from the day after that period until refund; a higher notified cap applies where the claim arises from a final order of an adjudicating, appellate authority, tribunal or court. Appellate or judicial orders overturning a proper officer's refund order are deemed to have been passed under the primary refund provision for the purpose of interest entitlement.
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 applies when refunds exceed prescribed timeframe; higher interest applies for refunds from final appellate orders.
Interest is payable on GST refunds not made within sixty days of receipt of the refund application, at a government notified capped rate from the day after that period until refund; a higher notified cap applies where the claim arises from a final order of an adjudicating, appellate authority, tribunal or court. Appellate or judicial orders overturning a proper officer's refund order are deemed to have been passed under the primary refund provision for the purpose of interest entitlement.
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