Interest rate specification under GST Act establishes differentiated annual interest for defaults and refunds, effective from notified commencement. Prescribes statutory annual interest rates under the Uttarakhand GST Act for delayed tax payments, enhanced penal interest for certain defaults, interest on refunds, and a separate proviso rate for adjusted cases; issued under the Act's empowering provisions and effective from the notified commencement date, thereby fixing the annual interest obligations applicable to taxpayers and the revenue authority.
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Provisions expressly mentioned in the judgment/order text.
Interest rate specification under GST Act establishes differentiated annual interest for defaults and refunds, effective from notified commencement.
Prescribes statutory annual interest rates under the Uttarakhand GST Act for delayed tax payments, enhanced penal interest for certain defaults, interest on refunds, and a separate proviso rate for adjusted cases; issued under the Act's empowering provisions and effective from the notified commencement date, thereby fixing the annual interest obligations applicable to taxpayers and the revenue authority.
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