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of <h1>Interest on Delayed GST Refunds: Up to 6% After 60 Days, 9% for Final Orders per Section 54(5)</h1> Under the Madhya Pradesh Goods and Services Tax Act, 2017, if a tax refund is not processed within sixty days from the application receipt date, the applicant is entitled to interest. The interest rate, up to six percent, is determined by government notification based on Council recommendations. If the refund results from a final order by an adjudicating authority, Appellate Authority, Tribunal, or court and is delayed beyond sixty days, the interest rate may increase to nine percent. Orders from these authorities are treated as orders under section 54(5) for refund purposes.
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