<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Interest on delayed refunds.</title>
    <link>https://www.taxtmi.com/acts?id=24955</link>
    <description>Interest is payable when a tax refund ordered under the refund provisions is not made within sixty days of receipt of the refund application; interest runs from the day after the sixty-day period until payment at a rate not exceeding six per cent. as notified by the Government on Council recommendations. Where the refund claim arises from a final adjudicatory or appellate order, a higher ceiling applies and interest may be payable at a rate not exceeding nine per cent. as notified. Appellate or court orders against proper officer orders are deemed to be orders under the primary refund provision for interest purposes.</description>
    <language>en-us</language>
    <pubDate>Thu, 11 May 2017 11:19:20 +0530</pubDate>
    <lastBuildDate>Thu, 11 May 2017 12:04:52 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=468262" rel="self" type="application/rss+xml"/>
    <item>
      <title>Interest on delayed refunds.</title>
      <link>https://www.taxtmi.com/acts?id=24955</link>
      <description>Interest is payable when a tax refund ordered under the refund provisions is not made within sixty days of receipt of the refund application; interest runs from the day after the sixty-day period until payment at a rate not exceeding six per cent. as notified by the Government on Council recommendations. Where the refund claim arises from a final adjudicatory or appellate order, a higher ceiling applies and interest may be payable at a rate not exceeding nine per cent. as notified. Appellate or court orders against proper officer orders are deemed to be orders under the primary refund provision for interest purposes.</description>
      <category>Act-Rules</category>
      <law>GST - States</law>
      <pubDate>Thu, 11 May 2017 11:19:20 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/acts?id=24955</guid>
    </item>
  </channel>
</rss>