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    <description>Section 50 imposes interest where tax remains unpaid and where input tax credit or output tax reductions are claimed in excess: interest on unpaid tax is charged from the day after the due date at a government notified rate not exceeding eighteen per cent.; interest on undue or excess input tax credit or excess reduction in output tax liability is charged on the excess at a government notified rate not exceeding twenty four per cent., with calculation in the prescribed manner.</description>
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