GST Interest rate under UTGST Act : Notification No. 10/2017 : Union Territory Tax Dtd 30th June, 2017

By | July 1, 2017
(Last Updated On: July 1, 2017)

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 NumberSectionRate of interest 
(1)(2)(3)
1section 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, 201718 Per cent
2section 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, 201724 Per Cent
3section 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, 20176 Per Cent
4section 21 of the Union Territory Goods and Services Tax Act, 2017 read with section 56 of the Central Goods and Services Tax Act, 20176 Per Cent
5section 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, 20179 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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