Whether interest becomes payable on refund of pre-deposit amount?

Question 21 – Draft-Bills-Reports – Appeals, Review and Revision in GST – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 21 – Q 21. Whether interest becomes payable on refund of pre-deposit amount? Ans. Yes. As per Section 85 of MGL Where an amount deposited by the appellant under sub-section (6)/(4) of section 79 or under sub-section (10)/(7) of section 82 is required to be refunded consequent to any order of the First Appellate Authority or of the Appellate Tribunal, as the ca

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =