Notification No. 13/2017
Date: June 28, 2017
Subject: Fixing rate of interest under sections 50, 54 and 56 of the CGST Act
Description:
This notification prescribes the rate of interest applicable for delayed payment of tax, excess ITC availed, delayed refunds and interest on refunds. Interest at 18% and 24% is notified under section 50, while 6% and 9% interest is prescribed for delayed refunds under sections 54 and 56. It provides statutory certainty on interest liability under GST.
Amendment:
Yes it has been amended through notification 18/2021, 8/2021, 51/2020,
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07/2018 corrigendum 1
This corrigendum corrects typographical and drafting errors in Notification No. ...
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