Rule 94 of CGST Rules -Order sanctioning interest on delayed refunds

Rule 94 of CGST Rules -Order sanctioning interest on delayed refunds

(updated as on 15.11.2017)

Where any interest is due andpayable to the applicant under section 56, the proper officer shall make an order along with apayment advice in FORM GST RFD-05, specifying therein the amount of refund which isdelayed, 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 ofthe applicant mentioned in his registration particulars and as specified in the application forrefund.

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CHAPTER X

REFUND

Chapter Xof CGST Rules, 2017 consists of nine rules relating to REFUNDRULES under the GST regime. All this rules are available for your ready reference. Rule 89 :Application for refund of tax, interest, penalty, fees or any other amount Rule 90 :Acknowledgement Rule 91 :Grant of provisional refund Rule 92 :Order sanctioning refund Rule 93 :Credit of the amount of rejected refund claim Rule 94 :Order sanctioning interest on delayed refunds Rule 95 :Refund of tax to certain persons Rule 96 :Refund of integrated tax paid on goods exported out of India Rule 96A :Refund of integrated tax paid on export of goods or services under bond or Letterof Undertaking. Rule 97 :Consumer Welfare Fund Rule 97A :Manual filing and processing