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    <title>Interest on delayed payment of tax.</title>
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    <description>Every person liable to pay tax who fails to remit tax within the prescribed period must pay interest on the unpaid amount for the period of default at a rate notified by the Government, calculated in the prescribed manner from the day after the tax became due. Separately, where a taxable person makes an undue or excess input tax credit claim or undue reduction in output tax liability, interest is payable on the undue or excess amount at a government notified rate.</description>
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      <description>Every person liable to pay tax who fails to remit tax within the prescribed period must pay interest on the unpaid amount for the period of default at a rate notified by the Government, calculated in the prescribed manner from the day after the tax became due. Separately, where a taxable person makes an undue or excess input tax credit claim or undue reduction in output tax liability, interest is payable on the undue or excess amount at a government notified rate.</description>
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