Interest Rate for Late payment of IGST , Refund and Delayed Refund – Notification No. 6/2017 – Integrated Tax Dated 28th June, 2017

By | June 28, 2017
(Last Updated On: July 2, 2017)

Notification No. 6/2017 – Integrated Tax Dated 28th June, 2017

Notification No. 6/2017 – Integrated Tax Dated 28th June, 2017 Seeks to prescribe rate of interest under CGST Act, 2017

 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. 6/2017 – Integrated Tax

New Delhi, the 28th June, 2017
7 Ashadha, 1939 Saka

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 ssub-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.

Serial NumberSectionRate of interest (in per cent)
(1)(2)(3)
1Section 20 of the Integrated Goods and Services Tax
Act, 2017 read with sub-section (1) of section 50 of
the Central Goods and Services Tax Act, 2017
18
2section 20 of the Integrated Goods and Services Tax
Act, 2017 read with sub-section (3) of section 50 of
the Central Goods and Services Tax Act, 2017
24
3section 20 of the Integrated Goods and Services Tax
Act, 2017 read with sub-section (12) of section 54 of
the Central Goods and Services Tax Act, 2017
6
4section 20 of the Integrated Goods and Services Tax
Act, 2017 read with section 56 of the Central Goods
and Services Tax Act, 2017
6
5section 20 of the Integrated Goods and Services Tax
Act, 2017 read with proviso to section 56 of the
Central Goods and Services Tax Act, 2017
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

Download PDF Notification No. 6/2017 – Integrated Tax Dated 28th June, 2017 in Hindi and English

( Refer Page 2 & 3 of Enclosed PDF) 

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