Interest on delayed GST refunds becomes payable after the statutory refund period until payment, with higher rate for final orders. Interest is payable on delayed GST refunds from the day after the statutory refund period expires until the date of payment; the Government may notify the applicable rate within prescribed maxima. A higher maximum rate applies where the refund claim follows a final adjudicatory or appellate order. Orders of appellate fora or courts that grant refund against a proper officer's order are deemed to be orders under the primary refund provision for purposes of interest computation.
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 becomes payable after the statutory refund period until payment, with higher rate for final orders.
Interest is payable on delayed GST refunds from the day after the statutory refund period expires until the date of payment; the Government may notify the applicable rate within prescribed maxima. A higher maximum rate applies where the refund claim follows a final adjudicatory or appellate order. Orders of appellate fora or courts that grant refund against a proper officer's order are deemed to be orders under the primary refund provision for purposes of interest computation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
