Interest on delayed payment: unpaid tax attracts notified interest from the date it became due; excess input tax claims also incur interest.

A person who fails to pay tax within the prescribed period must pay interest on the unpaid tax for the period it remains unpaid at a rate notified by the Central Government on the Council's recommendation; interest is calculated from the first day the tax was due. An undue or excess claim of input tax credit under the CGST provision attracts interest at the prescribed rate for the period computed as prescribed.

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