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Notification No. 06/2017

Date: June 28, 2017
Subject: Fixes the rate of interest applicable under various provisions of the IGST Act read with the CGST Act.
Description:

This notification prescribes interest rates for delayed payment of tax, excess input tax credit utilisation, delayed refunds, and refunds arising from appellate orders under IGST read with relevant provisions of the CGST Act. The rates range from 6% to 24% per annum depending on the nature of default or refund. The notification provides certainty on interest liability under GST.

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