Interest on delayed refunds
Section 56
GST – States
REFUNDS
Bihar Goods and Services Tax Act, 2017
56. Interest on delayed refunds.-
If any tax ordered to be refunded under sub-section (5) of section54 to any applicant is not refunded within sixty days from the date of receipt of application under sub-section (1) of that section, interest at such rate not exceeding six per cent. as may be specified in the notification issued by the Government on the recommendations of the Council shall be payable in respect of such refund from the date immediately after the expiry of sixty days from the date of receipt of application under the said sub-section till the date of refund of such tax:
Provided that where any claim of refund ari
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