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<h1>Interest Rates for Late Tax Payment and Excessive Tax Credit Claims under Delhi GST Act, 2017</h1> Under the Delhi Goods and Services Tax Act, 2017, individuals liable to pay tax must do so within a prescribed period. Failure to pay the tax or any part thereof results in an obligation to pay interest at a rate not exceeding 18%, as determined by the government. Interest is calculated from the day after the tax was due. Additionally, if a taxable person makes an undue or excessive claim of input tax credit or reduces output tax liability excessively, they must pay interest at a rate not exceeding 24%, as notified by the government.