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<h1>Interest rates under KGST Act fixed for specified sections, establishing differentiated per annum charges effective from the notification commencement date.</h1> Government fixes differentiated annual interest rates under the Karnataka Goods and Services Tax Act for principal tax liability interest, an enhanced recovery interest provision, interest on refunds and interest under the general provision and its proviso; the mapping of rates is set out in the notification table and the measure takes effect from the commencement date specified therein.
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