we received GST refund of pre-deposit but department did not give us interest on such refund now my concern is that how do i get interest on such refund ?
Refund of interest on GST Refund of pre-deposit
Asked by
Interest on pre-deposit refunds: entitlement under Sections 115 and 56 allows interest from payment date; appeal remedies available.
Entitlement to interest on refund of a pre-deposit arises where an appellant's pre-deposit is ordered refunded. Sections 115 and 56 together prescribe that the interest rate under the refund provision applies to pre-deposit refunds while the period for interest on pre-deposit runs from the date of payment until refund. The taxpayer should demand interest in writing, appeal the refund sanction/order if interest is withheld, and may pursue writ jurisdiction if administrative remedies fail. (AI Summary)
Entitlement to interest on refund of a pre-deposit arises where an appellant's pre-deposit is ordered refunded. Sections 115 and 56 together prescribe that the interest rate under the refund provision applies to pre-deposit refunds while the period for interest on pre-deposit runs from the date of payment until refund. The taxpayer should demand interest in writing, appeal the refund sanction/order if interest is withheld, and may pursue writ jurisdiction if administrative remedies fail. (AI Summary)
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