Section 115 of CGST Act 2017: Interest on Refund of Amount Paid for Admission of Appeal

Section 115 of CGST Act 2017: Interest on Refund of Amount Paid for Admission of Appeal

Provisions under Section 115 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Interest on Refund of Amount Paid for Admission of Appeal”, are as under:

Section 115 of CGST Act 2017: Interest on Refund of Amount Paid for Admission of Appeal (CHAPTER XVIII – APPEALS AND REVISION)

Where an amount paid by the appellant under sub-section (6) of section 107 or sub-section (8) of section 112 is required to be refunded consequent to any order of the Appellate Authority or of the Appellate Tribunal, interest at the rate specified under section 56 shall be payable in respect of such refund from the date of payment of the amount till the date of refund of such amount.

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The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.

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Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

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