Interest rates under Puducherry GST Act fixed for delayed payment, refunds and assessment-related liabilities, effective from notification commencement. Prescribes annual interest rates under the Puducherry Goods and Services Tax Act, 2017 for interest on delayed tax payment, interest for defaulting taxpayers, interest on undue or delayed refunds and interest related to assessment proceedings and the proviso to assessment, with distinct rates assigned to each operative provision; the rates are declared effective from the notification's commencement date and issued by the Lieutenant Governor on the Council's recommendation.
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Provisions expressly mentioned in the judgment/order text.
Interest rates under Puducherry GST Act fixed for delayed payment, refunds and assessment-related liabilities, effective from notification commencement.
Prescribes annual interest rates under the Puducherry Goods and Services Tax Act, 2017 for interest on delayed tax payment, interest for defaulting taxpayers, interest on undue or delayed refunds and interest related to assessment proceedings and the proviso to assessment, with distinct rates assigned to each operative provision; the rates are declared effective from the notification's commencement date and issued by the Lieutenant Governor on the Council's recommendation.
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