Delayed refund interest under GST is limited to the period beyond sixty days, subject to prescribed conditions and computation. Section 56 of the Central Goods and Services Tax Act is amended to revise the period for which interest is payable on delayed refunds. Interest is confined to the period of delay beyond sixty days from receipt of the refund application and continues until the date of refund, subject to the prescribed manner, conditions and restrictions.
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.
Delayed refund interest under GST is limited to the period beyond sixty days, subject to prescribed conditions and computation.
Section 56 of the Central Goods and Services Tax Act is amended to revise the period for which interest is payable on delayed refunds. Interest is confined to the period of delay beyond sixty days from receipt of the refund application and continues until the date of refund, subject to the prescribed manner, conditions and restrictions.
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