Interest rate notification under State GST sets distinct annual interest for payment defaults, refunds, and provisional recovery. The Government notifies distinct annual interest rates under the State Goods and Services Tax Act for specified provisions: interest on tax payment defaults under section 50 (including its enhanced-liability clause), interest on delayed refunds under section 54, and interest applicable to recovery and provisional measures under section 56 and its proviso. The tabled rates correspond to each statutory entry and take effect from the announced commencement date, guiding computation of interest liabilities and refund interest accruals for purposes of compliance and assessment under the State GST framework.
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 notification under State GST sets distinct annual interest for payment defaults, refunds, and provisional recovery.
The Government notifies distinct annual interest rates under the State Goods and Services Tax Act for specified provisions: interest on tax payment defaults under section 50 (including its enhanced-liability clause), interest on delayed refunds under section 54, and interest applicable to recovery and provisional measures under section 56 and its proviso. The tabled rates correspond to each statutory entry and take effect from the announced commencement date, guiding computation of interest liabilities and refund interest accruals for purposes of compliance and assessment under the State GST framework.
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