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of <h1>Interest on late tax: electronic cash ledger debits excluded if credited before due date; unpaid tax charged from due date.</h1> Where supplies for a tax period are declared in a return filed after the due date (and no assessment proceedings under sections 73/74/74A apply), interest is charged on the portion of tax paid by debiting the electronic cash ledger for the delay period at the notified rate; amounts credited to the electronic cash ledger on or before the due date but remaining there until debit are excluded. In other cases interest is on the unpaid tax from its due date until payment. Interest on wrongly availed input tax credit is charged from the date of utilisation until reversal or payment, with rules defining when such credit is treated as utilised and how the utilisation date is determined.
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