Interest rates under GST fixed for specified provisions, with differing annual rates effective from the stated commencement date. The Government fixes annual interest rates for specified provisions of the Meghalaya Goods and Services Tax Act, 2017: eighteen percent for sub section (1) of section 50; twenty four percent for one entry under sub section (3) of section 50; six percent for another entry under sub section (3) of section 50; six percent for section 56; and nine percent for the proviso to section 56. The notification was issued by the Excise, Registration, Taxation & Stamps Department and takes effect from 1 July 2017.
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Provisions expressly mentioned in the judgment/order text.
Interest rates under GST fixed for specified provisions, with differing annual rates effective from the stated commencement date.
The Government fixes annual interest rates for specified provisions of the Meghalaya Goods and Services Tax Act, 2017: eighteen percent for sub section (1) of section 50; twenty four percent for one entry under sub section (3) of section 50; six percent for another entry under sub section (3) of section 50; six percent for section 56; and nine percent for the proviso to section 56. The notification was issued by the Excise, Registration, Taxation & Stamps Department and takes effect from 1 July 2017.
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