Chapter - X of CGST Rules, 2017
REFUND
RULE 94. Order sanctioning interest on delayed refunds (corresponding section 56)
Where any interest is due and payable to the applicant under
section 56, the
proper officer shall make an order along with a 1[payment
order][helldod old[payment
advice]helldod] 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.
1. Substituted Vide :- Notification No. 31/2019-Central Tax Dt.28.06.2019 [Para 11] wef 24.09.2019 vide Notification No. 42/2019-Central Tax Dt.24.09.2019