https://www.taxtmi.com/acts?id=23958 Section 50 requires payment of interest on tax unpaid beyond the prescribed period at a government notified rate within a statutory ceiling, calculated from the day after the tax became due. A proviso makes interest in respect of tax declared in late returns payable on the portion discharged from the electronic cash ledger, except where relevant assessment or adjudication proceedings have commenced. Wrongly availed and utilised input tax credit attracts interest at a higher notified rate, calculated as prescribed. en-us Mon, 27 Mar 2017 17:10:51 +0530 Mon, 06 Oct 2025 15:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23958 Section 50 requires payment of interest on tax unpaid beyond the prescribed period at a government notified rate within a statutory ceiling, calculated from the day after the tax became due. A proviso makes interest in respect of tax declared in late returns payable on the portion discharged from the electronic cash ledger, except where relevant assessment or adjudication proceedings have commenced. Wrongly availed and utilised input tax credit attracts interest at a higher notified rate, calculated as prescribed. Act-Rules GST Mon, 27 Mar 2017 17:10:51 +0530 https://www.taxtmi.com/acts?id=23958