https://www.taxtmi.com/acts?id=24949 Failure to pay tax within the prescribed period attracts self assessed interest for the period of default, at a Government notified rate subject to the statutory cap, calculated in the prescribed manner from the day after the tax was due. Undue or excess input tax credit claims, or undue reductions in output tax liability, attract interest on the excess amount at a Government notified rate (subject to the statutory cap) under the Act. en-us Thu, 11 May 2017 11:08:42 +0530 Thu, 11 May 2017 12:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24949 Failure to pay tax within the prescribed period attracts self assessed interest for the period of default, at a Government notified rate subject to the statutory cap, calculated in the prescribed manner from the day after the tax was due. Undue or excess input tax credit claims, or undue reductions in output tax liability, attract interest on the excess amount at a Government notified rate (subject to the statutory cap) under the Act. Act-Rules GST - States Thu, 11 May 2017 11:08:42 +0530 https://www.taxtmi.com/acts?id=24949