Mantri & Co. applied for refund of GST on 22nd December, 2022 and an order for refund under section 54 was issued on 27th December, 2022. What is the time limit within which the fund is to be issued without interest?

CS Executive · Tax Laws · PYQS · June 2023
Mantri & Co. applied for refund of GST on 22nd December, 2022 and an order for refund under section 54 was issued on 27th December, 2022. What is the time limit within which the fund is to be issued without interest?
(A) 15 days from the date of receipt of application
(B) 30 days from the date of order passed under section 54
(C) 60 days from the date of receipt of application
(D) 90 days from the end of the month in which the order under section 54 was passed

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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