Interest rates under GST provisions fixed for specified sections, with differentiated annual rates and an effective commencement date. The executive fixes differing rates of interest per annum for specified GST statutory triggers: higher rates for delayed payment and penal defaults, and lower rates for refund-related and recovery-related provisions. The notification tabulates applicable annual rates for each cited sub-provision and sets an explicit commencement date to make the prescribed interest regime operative.
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 rates under GST provisions fixed for specified sections, with differentiated annual rates and an effective commencement date.
The executive fixes differing rates of interest per annum for specified GST statutory triggers: higher rates for delayed payment and penal defaults, and lower rates for refund-related and recovery-related provisions. The notification tabulates applicable annual rates for each cited sub-provision and sets an explicit commencement date to make the prescribed interest regime operative.
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