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Whether interest becomes payable on refund of pre-deposit amount under GST?

  • Yes.
  • As per Section 115 of the Act, where an amount deposited by the appellant under sub-section (6) of section 107 OR under sub-section (8) of section 112 is required to be refunded consequent to any order of the Appellate Authority or of the Appellate Tribunal, as the case may be, interest at the rate specified under section 56 not exceeding 6% shall be payable in respect of such refund from the date of payment of the amount till the date of refund of such amount.

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