GSTAT says interest on delayed GST refund starts from original filing
In short
GSTAT has said interest on a delayed GST refund should be counted from the original refund application, not the later application after an appeal. Taxscan says the interest rate is 6% under Section 56 after 60 days from a complete original filing.
This matters for taxpayers because it can increase the interest they receive on delayed refunds.
What the reporting says
GSTAT has ruled that interest on a delayed GST refund is payable from the original application date, not the consequential application after appeal. A Taxscan summary says statutory interest at 6% under Section 56 can accrue after 60 days from a complete original refund application, even when the refund is paid promptly after appellate relief. The brief affects GST refund claims.
Why it matters
GSTAT has held that interest on a delayed GST refund is payable from the original application date rather than the consequential application filed after appeal. The Taxscan summary says statutory interest at 6% under Section 56 can run after 60 days from a complete original refund application, even if the refund is paid after appellate relief. The ruling directly affects GST refund claimants and tax administration.