Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Taxpayers under Uttar Pradesh GST Act, 2017 face up to 24% interest for late payments or excess claims.</h1> Every individual liable to pay tax under the Uttar Pradesh Goods and Services Tax Act, 2017, who fails to do so within the prescribed period, must pay interest on the unpaid amount. The interest rate, not exceeding eighteen percent, is determined by the Government based on the Council's recommendations. Interest is calculated from the day following the due date. Additionally, if a taxable person makes an undue or excess claim of input tax credit or reduces output tax liability excessively, they must pay interest at a rate not exceeding twenty-four percent, as notified by the Government.