Amendment status not verified — confirm the current text below against the official source.
(1) The Commissioner shall, in the prescribed manner refund to a dealer any sum paid by such dealer in excess of the sum due from him under this Act, either by cash payment or at the option of the dealer by set off against the sum due from him in respect of any other period. (2) If a fund, not being a refund under the proviso to sub- section (3) of Section 4 is not made within ninety days of such refund being due, the State Government shall pay to such dealer simple interest at the rate of six percentum per annum on the amount refundable. (3) Refund under this Act shall be deemed to be due. (a) In cases where the tax assessed has been reduced on appeal or revision, from the date of the order of the appellate or revisional authority comes to the knowledge of the assessing authority and (b) In other cases, on the date an application for refund is made by the Party claiming the refund. Remission: