Amended and updated notes on section 115 of CGST Act, 2017. Detail discussion on provisions and rules related to interest on refund of amount paid for admission of appeal.
Chapter XVIII (Sections 107–121) of the Central Goods and Services Tax Act, 2017 deals with the provisions related to appeals and revision. Section 115 of CGST 2017 provides for interest on refund of amount paid for admission of appeal.
Recently, we have discussed in detail section 114 (Financial and administrative powers of President) of CGST Act 2017. Today, we learn the provisions of section 115 of Central GST Act 2017.
Section 115 of the Central Goods and Services Tax Act, 2017 has been notified by the Ministry of Finance vide Notification No. 9/2017-Central Tax, G.S.R. 658(E), dated 28.06.2017. This notification was come into force from 1st July, 2017 i.e. the commencement date of section 115 is 1-7-2017.
| Name of Act | The Central Goods and Services Tax Act 2017 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Central Board of Indirect Taxes & Customs |
| Governing body | GST Council |
| Number of Chapters | 21 |
| Number of Sections | 174 |
| You are reading: | |
| Chapter No. | XVIII |
| Chapter Name | Appeals and Revision |
| Section No. | 115 |
| Section Name | Interest on refund of amount paid for admission of appeal |
| Updated 2024 Edition | GST Law Book PDF |
Section 115 of Central GST – Interest on refund of amount paid for admission of appeal1
Section 115 of CGST Act 2017 shall come into force on 01.07.2017 vide Notification No. 9/2017-Central Tax, G.S.R. 658(E), dated 28.06.2017.
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.
- Section 115 of CGST Act 2017 shall come into force on 01.07.2017 vide Notification No. 9/2017-Central Tax, G.S.R. 658(E), dated 28.06.2017. ↩︎