Interest Rate for Late payment of IGST

NOTIFICATION New Delhi, the 28th June, 2017 No. 6/2017-Integrated Tax G.S.R. 698(E).—In exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby fixes the rate of interest per annum, for the purposes of the sections as specified in column (2) of the Table below, as mentioned in the corresponding entry in column (3) of the said Table. 

SN	Section	Interest Rate
(1)	(2)	(3)
1.	Delay in Payment of Tax	18
2.	Undue or excess Claim of Input Tax credit	24
3.	Withholding of refund	6
4.	Delay in refund More than 60 days	6
5.	Delay in Refund  more than 60 days ordered by  an adjudicating authority or Appellate Authority or Appellate Tribunal or court	9

This notification shall come into force from the 1st day of July, 2017. [F. No. 349/72/2017-GST] Dr. SREEPARVATHY S. L., Under Secy.