https://www.taxtmi.com/acts?id=27459 Section 50 requires payment of interest by any person who fails to pay tax within the prescribed period, at a Government notified rate (subject to a statutory ceiling), computed in the prescribed manner from the day after the tax was due; it also requires interest on undue or excess input tax credit claims or undue or excess reductions in output tax liability at a higher Government notified rate subject to a separate statutory ceiling. en-us Fri, 23 Jun 2017 18:38:59 +0530 Tue, 25 Jul 2017 12:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27459 Section 50 requires payment of interest by any person who fails to pay tax within the prescribed period, at a Government notified rate (subject to a statutory ceiling), computed in the prescribed manner from the day after the tax was due; it also requires interest on undue or excess input tax credit claims or undue or excess reductions in output tax liability at a higher Government notified rate subject to a separate statutory ceiling. Act-Rules GST - States Fri, 23 Jun 2017 18:38:59 +0530 https://www.taxtmi.com/acts?id=27459