Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Government of India Sets Interest Rates Under CGST Act: 18% for Sections 50(1) and 50(3), 6% for Sections 54(12) and 56.</h1> The notification from the Government of India, effective July 1, 2017, sets the annual interest rates under various sections of the Central Goods and Services Tax Act, 2017. For section 50(1), the rate is 18%, while section 50(3) also specifies 18%. Section 54(12) and section 56 have a 6% rate, with a proviso to section 56 at 9%. The notification outlines specific interest rates for taxpayers based on their turnover and location, with varying rates for different periods in 2020 and 2021, including temporary relief measures during specified months.