Sir eway bill minor error penality 699168 was levied by Gujrat Gst dept on 14.09.2023. Appeal was filed and now as per order 649168 credited on 15.07.2026 after deducting 50000 as penality. Whether interest for period 14.09.2023 to 15.07.2026 is available
Interest on gst penality refund
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Interest on refunded GST appeal deposits accrues from payment until refund when appellate proceedings require repayment.
Interest on an amount paid for admission of a GST appeal and later refunded pursuant to an appellate order is payable under section 115 of the CGST Act, 2017. Interest is calculated at the prescribed refund rate from the payment date until the refund date. The claim concerns the amount actually refunded following the appellate determination, and an application for interest may be made. (AI Summary)
Interest on an amount paid for admission of a GST appeal and later refunded pursuant to an appellate order is payable under section 115 of the CGST Act, 2017. Interest is calculated at the prescribed refund rate from the payment date until the refund date. The claim concerns the amount actually refunded following the appellate determination, and an application for interest may be made. (AI Summary)
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