Interest rate fixation under GST Act: prescribed rates for defaults, delayed refunds and recovery now specified. Prescribes annual interest rates under the Madhya Pradesh Goods and Services Tax Act, 2017: a rate for sub-section (1) of section 50, a higher rate for sub-section (3) of section 50, specified rates for sub-section (12) of section 54 and for section 56, and a distinct rate for the proviso to section 56; the notification is effective from 1 July 2017.
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Provisions expressly mentioned in the judgment/order text.
Interest rate fixation under GST Act: prescribed rates for defaults, delayed refunds and recovery now specified.
Prescribes annual interest rates under the Madhya Pradesh Goods and Services Tax Act, 2017: a rate for sub-section (1) of section 50, a higher rate for sub-section (3) of section 50, specified rates for sub-section (12) of section 54 and for section 56, and a distinct rate for the proviso to section 56; the notification is effective from 1 July 2017.
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