Assessee is entitled to Interest immediately after the expiry of sixty days from date of refund applications till date on which refund was credited to bank account

Assessee is entitled to Interest immediately after the expiry of sixty days from date of refund applications till date on which refund was credited to bank account https://www.taxtmi.com/article/detailed?id=12510 Statutory interest under Section 56 of the CGST Act accrues automatically from the day after the sixty day period following receipt of a refund application until the date the refund is credited to the applicant's bank account; the entitlement does not depend on a separate claim and interest is calculated as clarified by Circular No. 125/44/2019. en-us Tue, 09 Apr 2024 11:40:38 +0530 Tue, 09 Apr 2024 11:40:38 +0530 TaxTMI RSS Generator Assessee is entitled to Interest immediately after the expiry of sixty days from date of refund applications till date on which refund was credited to bank account https://www.taxtmi.com/article/detailed?id=12510 Statutory interest under Section 56 of the CGST Act accrues automatically from the day after the sixty day period following receipt of a refund application until the date the refund is credited to the applicant's bank account; the entitlement does not depend on a separate claim and interest is calculated as clarified by Circular No. 125/44/2019. Articles Goods and Services Tax - GST Tue, 09 Apr 2024 11:40:38 +0530 https://www.taxtmi.com/article/detailed?id=12510