Notification No. 10/2017 : Union Territory Tax Dtd 30th June, 2017
Seeks to prescribe rate of interest under UTGST Act 2017 vide Notification No. 10/2017 – Union Territory Tax Dtd 30th June, 2017
PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 10/2017-Union Territory Tax
New Delhi, the 30th June, 2017
G.S.R. 747(E).—In pursuance of section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), read with sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of Goods and Services Tax 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, namely:-
Table
| Serial Number | Section | Rate of interest |
| (1) | (2) | (3) |
| 1 | section 21 of the Union Territory Goods and Services Tax Act, 2017 read with sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 | 18 Per cent |
| 2 | section 21 of the Union Territory Goods and Services Tax Act, 2017 read with sub-section (3) of section 50 of the Central Goods and Services Tax Act, 2017 | 24 Per Cent |
| 3 | section 21 of the Union Territory Goods and Services Tax Act, 2017 read with sub-section (12) of section 54 of the Central Goods and Services Tax Act, 2017 | 6 Per Cent |
| 4 | section 21 of the Union Territory Goods and Services Tax Act, 2017 read with section 56 of the Central Goods and Services Tax Act, 2017 | 6 Per Cent |
| 5 | section 21 of the Union Territory Goods and Services Tax Act, 2017 read with proviso to section 56 of the Central Goods and Services Tax Act, 2017 | 9 Per cent |
2. This notification shall come into force with effect from the 1st day of July, 2017.
[F. No. S-31011/25/2017-ST-I-DOR]
S. R. MEENA, Under Secy.
Download Complete PDF Notification No. 10/2017 – Union Territory Tax Dtd 30th June, 2017 in Hindi and English
( Refer page 13 to 14 of enclosed PDF )
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