Interest rates under Tamil Nadu GST Act specified for defaults, refunds and recoveries, taking effect from July. Prescribes the rate of interest per annum under specified provisions of the Tamil Nadu Goods and Services Tax Act, 2017 for (i) interest under section 50(1), (ii) increased interest under section 50(3), (iii) interest under section 54(12) for refunds, (iv) interest under section 56 for recovery, and (v) the proviso to section 56; each category is assigned a corresponding annual percentage rate and the notification takes effect from 1 July 2017.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest rates under Tamil Nadu GST Act specified for defaults, refunds and recoveries, taking effect from July.
Prescribes the rate of interest per annum under specified provisions of the Tamil Nadu Goods and Services Tax Act, 2017 for (i) interest under section 50(1), (ii) increased interest under section 50(3), (iii) interest under section 54(12) for refunds, (iv) interest under section 56 for recovery, and (v) the proviso to section 56; each category is assigned a corresponding annual percentage rate and the notification takes effect from 1 July 2017.
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