State the consequences of the following violations/defaults under the provisions of GST Laws: Refund of unutilized Input Tax Credit delayed by the department beyond 60 days after the order passed by proper officer.

Section 56 of the Central Goods and Services Tax Act, 2017 provides that if any tax ordered to be refunded to any applicant is not refunded within 60 days from the date of receipt of application. Interest at the rate of 6% shall be payable from the date immediately after the expiry of 60 days from the date of receipt of refund application. Accordingly in the instant case the Government shall be liable to pay interest @ 6% on the refund of tax for delay in payment.