Interest rate schedule under Manipur GST Act establishes differential annual interest rates for default, delayed refund, and recovery. The State Government, on the Council's recommendation and under specified sub-sections of the Manipur Goods and Services Tax Act, fixes differing annual interest rates applicable to tax non-payment, enhanced delayed-payment interest, interest on delayed refunds and recovery, and an intermediate rate under the proviso; the notification makes these rates operative from the stated commencement date.
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Interest rate schedule under Manipur GST Act establishes differential annual interest rates for default, delayed refund, and recovery.
The State Government, on the Council's recommendation and under specified sub-sections of the Manipur Goods and Services Tax Act, fixes differing annual interest rates applicable to tax non-payment, enhanced delayed-payment interest, interest on delayed refunds and recovery, and an intermediate rate under the proviso; the notification makes these rates operative from the stated commencement date.
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