CGST Rules Rule 93 — Order sanctioning interest on delayed refunds
CGST Rules, 2017 · Order sanctioning interest on delayed refunds
Quick Answer
Rule 93 of the CGST Rules, 2017 governs Order sanctioning interest on delayed refunds. It establishes the detailed procedural framework and compliance requirements necessary to implement the corresponding provisions of the CGST Act. Rule 93 CGST: Order sanctioning interest on delayed refunds — eligibility, conditions, case laws and compliance impact under Indian tax law.
(1)Where any deficiencies have been communicated under sub-rule (3) of rule 90, the amount debited under sub-rule (3) of rule 89 shall be re-credited to the electronic credit ledger.
(2)Where any amount claimed as refund is rejected under rule 92, either fully or partly, the amount debited, to the extent of rejection, shall be re-credited to the electronic credit ledger by an order made in FORM GST PMT-03 .
Explanation. - For the purposes of this rule, a refund shall be deemed to be rejected, if the appeal is finally rejected or if the claimant gives an undertaking in writing to the proper officer that he shall not file an appeal.
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CGST Rules Rule 93 was introduced as part of the CGST Rules, 2017.