https://www.taxtmi.com/acts?id=29125 Section 50 requires a person liable for tax who fails to pay within the prescribed period to pay interest on the unpaid tax for the period it remains unpaid, calculated from the day after the tax was due in the prescribed manner. It separately requires interest on undue or excess claims of input tax credit or undue or excess reductions in output tax liability, with the Government notifying higher applicable rates on the Council's recommendation. en-us Mon, 03 Jul 2017 14:16:44 +0530 Thu, 20 Jul 2017 16:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29125 Section 50 requires a person liable for tax who fails to pay within the prescribed period to pay interest on the unpaid tax for the period it remains unpaid, calculated from the day after the tax was due in the prescribed manner. It separately requires interest on undue or excess claims of input tax credit or undue or excess reductions in output tax liability, with the Government notifying higher applicable rates on the Council's recommendation. Act-Rules GST - States Mon, 03 Jul 2017 14:16:44 +0530 https://www.taxtmi.com/acts?id=29125