Statutory refund interest requires correction of short computation and compensation where admitted interest remains unpaid through administrative dela...
Refund of service tax allegedly deducted under reverse charge requires documentary or other evidence establishing actual payment. A refund claim narration or work order may indicate an intended deduction but does not verify debit and deposit; unsupported refund components may therefore be withheld. Voluntarily self-assessed service tax claimed as paid under a mistake of law remains governed by the refund and interest framework in Sections 11B and 11BB, rather than being treated as a revenue deposit. Interest on admissible refunds accrues only after three months from receipt of the refund application, at the notified 6% rate, not from the payment date or at a higher rate.
Refund of service tax allegedly deducted under reverse charge requires documentary or other evidence establishing actual payment. A refund claim narration or work order may indicate an intended deduction but does not verify debit and deposit; unsupported refund components may therefore be withheld. Voluntarily self-assessed service tax claimed as paid under a mistake of law remains governed by the refund and interest framework in Sections 11B and 11BB, rather than being treated as a revenue deposit. Interest on admissible refunds accrues only after three months from receipt of the refund application, at the notified 6% rate, not from the payment date or at a higher rate.
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