Interest rate fixation under GST provisions sets annual rates for delayed payment, refund and recovery, effective from July. The notification fixes annual interest rates under the Assam Goods and Services Tax Act, 2017 for various provisions: distinct rates for interest on delayed payment under section 50 (including an enhanced rate for specified defaults), for interest on delayed refunds under section 54, and for interest on recovery under section 56 including a separate rate for the proviso to section 56, with the rates effective from the stated commencement date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest rate fixation under GST provisions sets annual rates for delayed payment, refund and recovery, effective from July.
The notification fixes annual interest rates under the Assam Goods and Services Tax Act, 2017 for various provisions: distinct rates for interest on delayed payment under section 50 (including an enhanced rate for specified defaults), for interest on delayed refunds under section 54, and for interest on recovery under section 56 including a separate rate for the proviso to section 56, with the rates effective from the stated commencement date.
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