https://www.taxtmi.com/acts?id=20207 Interest on delayed GST refunds should start automatically after a prescribed statutory time limit measured from the system generated electronic acknowledgement confirming the refund application is complete; authorities may raise a single deficiency memo within a limited period, and piecemeal queries should be avoided. The law should set distinct interest rates for delayed refunds and for defaults in GST payment, and provide that interest accrues from the last date when the refund should have been sanctioned, including where payment is ordered by an appellate authority. en-us Sat, 12 Dec 2015 02:24:07 +0530 Sat, 12 Dec 2015 02:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20207 Interest on delayed GST refunds should start automatically after a prescribed statutory time limit measured from the system generated electronic acknowledgement confirming the refund application is complete; authorities may raise a single deficiency memo within a limited period, and piecemeal queries should be avoided. The law should set distinct interest rates for delayed refunds and for defaults in GST payment, and provide that interest accrues from the last date when the refund should have been sanctioned, including where payment is ordered by an appellate authority. Act-Rules Bills Sat, 12 Dec 2015 02:24:07 +0530 https://www.taxtmi.com/acts?id=20207