Rate of interest under Odisha GST Act fixed for distinct sections, specifying higher rates for delayed payment and lower for refunds. The State Government prescribes the rate of interest per annum under the Odisha Goods and Services Tax Act, 2017 for specified provisions: sub section (1) of section 50 at 18%, sub section (3) of section 50 at 24%, sub section (12) of section 54 at 6%, section 56 at 6%, and the proviso to section 56 at 9%. The notification takes effect from the 1st day of July, 2017.