Saturday, March 19, 2022
Rule 94 of CGST Rules 2017
Order sanctioning interest on delayed refunds.-
Where any interest is due and payable to the applicant under section 56, the proper officer shall make an order along with a
[payment order]219 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.
Amendmends made to Rule 94 of CGST Rules 2017
219 Substituted vide Notf no. 31/2019 – CT dt. 28.06.2019 with effect from 24.09.2019 as notified by Notification No. 42/2019 dated 24.09.2019 for "payment advice"