Delayed GST tax payment attracts notified interest, with separate interest liability for wrongly availed and utilised input tax credit.

Interest is payable on delayed payment of tax under GST at a notified rate not exceeding eighteen per cent, calculated from the day after the due date. For late returns, interest is confined to tax paid through the electronic cash ledger, except where proceedings have already commenced under the specified recovery provisions. Where input tax credit is wrongly availed and utilised, separate interest is payable at a notified rate not exceeding twenty-four per cent in the prescribed manner.

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