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

Provisions under Section 115 of the CGST Act 2017 relating to “Interest on Refund of Amount Paid for Admission of Appeal”:

Section 115: Interest on Refund of Amount Paid for Admission of Appeal (CHAPTER XVIII: APPEALS AND REVISION) [*1]

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.

Notes (History of Amendments in Bare Text):

1. CGST Section 115 introduced vide GOI Notification dated 12/04/2017, followed with CBEC Notification 9/2017 on commencement date of 01/07/2017.