https://www.taxtmi.com/notifications?id=139501 Rule 88B prescribes calculation of interest on delayed tax payment: interest on tax paid by debiting the electronic cash ledger for returns filed late is computed for the delay period beyond the due date; otherwise interest is computed on unpaid tax from its due date until payment; and interest on wrongly availed and utilised input tax credit is computed from the date of utilisation until reversal or payment. The rule defines when wrongly availed input tax credit is considered utilised and how to determine the date of utilisation. en-us Fri, 07 Oct 2022 00:00:00 +0530 Tue, 06 Dec 2022 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139501 Rule 88B prescribes calculation of interest on delayed tax payment: interest on tax paid by debiting the electronic cash ledger for returns filed late is computed for the delay period beyond the due date; otherwise interest is computed on unpaid tax from its due date until payment; and interest on wrongly availed and utilised input tax credit is computed from the date of utilisation until reversal or payment. The rule defines when wrongly availed input tax credit is considered utilised and how to determine the date of utilisation. Notifications GST - States Fri, 07 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139501