Rule 94 of CGST Rules 2017: Order Sanctioning Interest on Delayed Refunds

Rule 94 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Order Sanctioning Interest on Delayed Refunds

Provisions under Rule 94 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Order Sanctioning Interest on Delayed Refunds”, as per CGST (2nd Amendment) Rules 2017 notified by CBEC on 28 June 2017, applicable w.e.f. 1 July 2017, are as under:

CGST Rule 94: Order Sanctioning Interest on Delayed Refunds (Chapter-X: Refund) 

Where any interest is due and payable to the applicant under section 56, the proper officer shall make an order along with a payment advice in FORM GST RFD-05, specifying therein the amount of refund which is delayed, the period of delay for which interest is payable and the amount of interest payable, and such amount of interest shall be electronically credited to any of the bank accounts of the applicant mentioned in his registration particulars and as specified in the application for refund.

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CGST (2nd Amendment) Rules, 2017: CGST Notification No. 10/2017

CGST (Amendment) Rules 2017: CGST Notification No. 7/2017

CGST Rules 2017: CGST Notification No. 3/2017 dt. 19 June 2017

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