Section 56 of the CGST Act, 2017 states that if any tax ordered to be refunded under section 54 is not refunded within ............ from the date of receipt of application, interest at such rate not exceeding ...........
CS Executive · Tax Laws · PYQS · December 2022
Section 56 of the CGST Act, 2017 states that if any tax ordered to be refunded under section 54 is not refunded within ............ from the date of receipt of application, interest at such rate not exceeding ............ per annum, shall be payable in respect of such refund.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: GST
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