https://www.taxtmi.com/acts?id=26672 Interest is payable when tax ordered to be refunded under sub-section (5) of section 54 is not refunded within sixty days of receipt of the application under sub-section (1); interest runs from the day after that sixty-day period until refund at a rate not exceeding six per cent as specified by government notification on the Council's recommendation. If the refund claim arises from a final adjudicatory or appellate order, a higher rate not exceeding nine per cent may be notified and interest runs for the same interval. An appellate or court order directing refund against a proper officer is deemed an order under sub-section (5) for these purposes. en-us Wed, 21 Jun 2017 16:07:05 +0530 Wed, 12 Jul 2017 12:15:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26672 Interest is payable when tax ordered to be refunded under sub-section (5) of section 54 is not refunded within sixty days of receipt of the application under sub-section (1); interest runs from the day after that sixty-day period until refund at a rate not exceeding six per cent as specified by government notification on the Council's recommendation. If the refund claim arises from a final adjudicatory or appellate order, a higher rate not exceeding nine per cent may be notified and interest runs for the same interval. An appellate or court order directing refund against a proper officer is deemed an order under sub-section (5) for these purposes. Act-Rules GST - States Wed, 21 Jun 2017 16:07:05 +0530 https://www.taxtmi.com/acts?id=26672