Answer

1. F

   Facts

   Under Sec 56, if a refund is not paid within 60 days of a complete application, interest at 6 percent a year is payable from the day after the 60 days until payment.

2. P

   Provisions and law

   • Sec 56, CGST Act 2017Interest to the taxpayer if a refund is not paid within 60 days
   • Sec 54(7), CGST Act 2017Refund order within 60 days of a complete application
3. A

   Analysis

   On ₹5,00,000 paid 30 days late, interest is about ₹2,466. Check that the payment advice includes interest. If not, write to the officer with the dates.

4. C

   Conclusion

   1. 1Note the acknowledgement date
   2. 2Compute days beyond 60
   3. 3Check interest in the payment advice
   4. 4Request interest in writing if missing

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.