Notification No. 13/2017 - Central GST, (CGST Notification)
Notification No. 13/2017 - Central GST, (CGST Notification)
Seeks to prescribe rate of interest under CGST Act, 2017
G.S.R. 661 (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 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.
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
NOTES:- 1. Inserted vide NOTIFICATION No. 31/2020–Central Tax dated 03-04-2020 w.e.f. 20-03-2020
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