alleryStart learning →Section 56 interest on delayed refund arises after how many days?
AFifteen days
BThirty days
CForty five days
DSixty days
Answer & Solution
Correct answer: D. Sixty days
Section 56 provides interest if tax ordered refunded is not refunded within sixty days from receipt of the application.
Keep practising Refunds
Browse all Refunds questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
A provisional zero-rated refund under 54(6) is followed by?Section 54(4) evidence must first establish what?Section 54(1) covers refund of tax and which other item?Cash ledger balance refund may be claimed through?Welfare Fund accounts form is prescribed after consulting?Consumer Welfare Fund sums are used under Section 58(1) for?What does Section 57(a) credit to the Welfare Fund?Which fund does Section 57 of the CGST Act constitute?