<?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=27788</link>
    <description>Section 56 requires interest on tax refunds unpaid beyond sixty days from receipt of the refund application, payable from the day after that period until refund at a government notified rate not exceeding the prescribed ceiling. A proviso applies a distinct, higher notified interest ceiling to refunds consequent to final orders of adjudicating or appellate bodies, and an explanation deems appellate or judicial refund orders to be orders under the principal refund subsection.</description>
    <language>en-us</language>
    <pubDate>Mon, 26 Jun 2017 13:22:39 +0530</pubDate>
    <lastBuildDate>Tue, 27 Jun 2017 12:38:39 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=475201" rel="self" type="application/rss+xml"/>
    <item>
      <title>Interest on delayed refunds.</title>
      <link>https://www.taxtmi.com/acts?id=27788</link>
      <description>Section 56 requires interest on tax refunds unpaid beyond sixty days from receipt of the refund application, payable from the day after that period until refund at a government notified rate not exceeding the prescribed ceiling. A proviso applies a distinct, higher notified interest ceiling to refunds consequent to final orders of adjudicating or appellate bodies, and an explanation deems appellate or judicial refund orders to be orders under the principal refund subsection.</description>
      <category>Act-Rules</category>
      <law>GST - States</law>
      <pubDate>Mon, 26 Jun 2017 13:22:39 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/acts?id=27788</guid>
    </item>
  </channel>
</rss>