Interest Rate for GST late payment , Refund – Notification No 13/2017 Central Tax Dated 28th June, 2017

By | June 28, 2017
(Last Updated On: July 26, 2017)

 Notification No 13/2017 Central Tax Dated 28th June, 2017

Notification No 13/2017 Central Tax Dated 28th June, 2017 ( Given below)  Seeks to prescribe rate of interest under  CGST Act, 2017 for following sections :-

Section 50. Interest on delayed payment of tax. ( for sub-sections (1) and (3) of section 50, )

Section 54. Refund of tax. ( for sub-section (12) of section 54 )

Section 56. Interest on delayed refunds. ( for section 56 and proviso to section 56 )

Read Notification No 13/2017 Central Tax Dated 28th June, 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 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)
1Sub-section (1) of section 5018
2sub-section (3) of section 5024
3sub-section (12) of section 546
4section 566
5proviso to section 569

 

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 13/2017 Central Tax Dated 28th June, 2017

Related Topic on GST

TopicLink
GST Acts Central GST Act and States GST Acts
  
GST RulesGST Rules
 
GST RatesGST Rates
  
GST NotificationsGST Act Notifications
 
GST CircularsCentral Tax Circulars / Orders
 
GST Press ReleaseGST Press Release
 
GST BooksBest Books on GST in India
 
GST CommentaryTopic wise Commentary on GST Act of India
 
GST You Tube ChannelTaxHeal You Tube Channel
 
GST Online CourseJoin GST online Course
Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source
New Books Released on Tax , GST and law

5 thoughts on “Interest Rate for GST late payment , Refund – Notification No 13/2017 Central Tax Dated 28th June, 2017

  1. Pingback: Section 56 CGST Act 2017 - Interest on delayed refunds. - Tax Heal

  2. Pingback: Section 50 CGST Act 2017 - Interest on delayed payment of tax. - Tax Heal

  3. Pingback: GST Interest Rates : Free Study Material : Notifications wise - Tax Heal

  4. Pingback: GST on Goods Lost by Theft - Tax Heal

  5. Pingback: GST Audit Checklist : User Guide on GST Audit - Tax Heal

Leave a Reply

Your email address will not be published. Required fields are marked *