Ankita Khetan | Jun 28, 2017 |
CGST Notification No. 13/2017-Central Tax dated 28.06.17
Seeks to prescribe rate of interest under CGST Act, 2017
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (i)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Notification No. 13/2017 Central Tax
New Delhi, the 28th June, 2017
7 Ashadha, 1939 Saka
G.S.R. ..(E).In exercise of the powers conferred by 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 fixesthe rate of interest per annum, for the purposes of the sections as specified in column (2) of theTable below, as mentioned in the corresponding entry in column (3) of the said Table.
Table
Serial Number | Section | Rate of interest (in per cent) |
(1) | (2) | (3) |
1. | Sub-section (1) of section 50 | 18 |
2. | sub-section (3) of section 50 | 24 |
3. | sub-section (12) of section 54 | 6 |
4. | section 56 | 6 |
| 5. | proviso to section 56 | 9 |
2. This notification shall come into force from the 1st day of July, 2017.
[F. No.349/72/2017-GST]
(Dr. Sreeparvathy S.L.)
Under Secretary to the Government of India
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