https://www.taxtmi.com/acts?id=25837 Interest on delayed refunds is payable where tax ordered to be refunded under sub-section (5) of section 54 is not paid within sixty days from receipt of the refund application; interest runs from the day after the sixty-day period until refund at a rate notified by the Government on the Council's recommendation not exceeding six per cent. A higher notified rate, not exceeding nine per cent, applies where the refund claim arises from a final adjudicatory, appellate or judicial order, and such appellate or judicial orders are deemed orders under sub-section (5) of section 54 for this purpose. en-us Sat, 17 Jun 2017 11:46:02 +0530 Fri, 28 Jul 2017 17:01:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25837 Interest on delayed refunds is payable where tax ordered to be refunded under sub-section (5) of section 54 is not paid within sixty days from receipt of the refund application; interest runs from the day after the sixty-day period until refund at a rate notified by the Government on the Council's recommendation not exceeding six per cent. A higher notified rate, not exceeding nine per cent, applies where the refund claim arises from a final adjudicatory, appellate or judicial order, and such appellate or judicial orders are deemed orders under sub-section (5) of section 54 for this purpose. Act-Rules GST - States Sat, 17 Jun 2017 11:46:02 +0530 https://www.taxtmi.com/acts?id=25837