https://www.taxtmi.com/acts?id=29628 Interest is payable by any person who fails to pay tax within the prescribed period, calculated from the day after the tax was due at a rate notified by the Government on the Council's recommendation, subject to a statutory ceiling. Separately, a taxable person making an undue or excess claim of input tax credit or undue or excess reduction in output tax liability must pay interest on the excess at a higher notified rate, also subject to a statutory ceiling and prescribed calculation. en-us Tue, 04 Jul 2017 18:42:13 +0530 Wed, 16 Aug 2017 15:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29628 Interest is payable by any person who fails to pay tax within the prescribed period, calculated from the day after the tax was due at a rate notified by the Government on the Council's recommendation, subject to a statutory ceiling. Separately, a taxable person making an undue or excess claim of input tax credit or undue or excess reduction in output tax liability must pay interest on the excess at a higher notified rate, also subject to a statutory ceiling and prescribed calculation. Act-Rules GST - States Tue, 04 Jul 2017 18:42:13 +0530 https://www.taxtmi.com/acts?id=29628