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.
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