<?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=29840</link>
    <description>Section 56 provides that if a refund ordered under section 54(5) is not paid within sixty days of receipt of the refund application, interest at a notified rate not exceeding six per cent accrues from the day after the sixty-day period until payment; where the refund follows a final order of an adjudicating, appellate authority, tribunal or court, a higher notified maximum rate not exceeding nine per cent applies for the same accrual period, and appellate or judicial orders against a proper officer&#039;s order under section 54(5) are deemed to be orders under that sub-section.</description>
    <language>en-us</language>
    <pubDate>Wed, 05 Jul 2017 16:08:02 +0530</pubDate>
    <lastBuildDate>Thu, 03 Aug 2017 11:08:19 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=479594" rel="self" type="application/rss+xml"/>
    <item>
      <title>Interest on delayed refunds.</title>
      <link>https://www.taxtmi.com/acts?id=29840</link>
      <description>Section 56 provides that if a refund ordered under section 54(5) is not paid within sixty days of receipt of the refund application, interest at a notified rate not exceeding six per cent accrues from the day after the sixty-day period until payment; where the refund follows a final order of an adjudicating, appellate authority, tribunal or court, a higher notified maximum rate not exceeding nine per cent applies for the same accrual period, and appellate or judicial orders against a proper officer&#039;s order under section 54(5) are deemed to be orders under that sub-section.</description>
      <category>Act-Rules</category>
      <law>GST - States</law>
      <pubDate>Wed, 05 Jul 2017 16:08:02 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/acts?id=29840</guid>
    </item>
  </channel>
</rss>