https://www.taxtmi.com/forum/issue?id=107352 Section 50 mandates simple interest on refundable amounts not paid within thirty-five days of the relevant order or its receipt by the refunding authority; interest accrues from the day after that period until refund at the statutory rate of six percent per annum on the balance remaining after adjusting any tax, interest or other amounts due, with prescribed exclusions for computing the thirty-five days and proportional determination for part months. en-us Wed, 17 Sep 2014 12:30:40 +0530 Thu, 23 Jan 2025 15:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107352 Section 50 mandates simple interest on refundable amounts not paid within thirty-five days of the relevant order or its receipt by the refunding authority; interest accrues from the day after that period until refund at the statutory rate of six percent per annum on the balance remaining after adjusting any tax, interest or other amounts due, with prescribed exclusions for computing the thirty-five days and proportional determination for part months. Discussion-Forum VAT / Sales Tax Wed, 17 Sep 2014 12:30:40 +0530 https://www.taxtmi.com/forum/issue?id=107352