Interest rates in GST Jun 30, 2018 by ConsultEase Administrator in GST Compliances Interest rates in GST: Notification No. 13/2017 – Central Tax provides for the Interest rates in GST. Following is a tabular representation of various interest rates in GST. Sl. No. Section Coverage Rate of interest (in per cent) 1. Sub-section (1) of section 50 Less payment of output tax 18% 2. Sub-section (3) of section 50 ITC added to outward tax 24% 3. Sub-section (12) of section 54 When refund is on hold due to adverse effect by officer 6% 4. Section 56 Refund later than 60 days from date of application 6% 5. Proviso to section 56 Refund in pursuant of an order not paid within 60 days of order 9% Get unlimited unrestricted access to thousands of insightful content at ConsultEase. 7 Days₹149 1 Month₹249 3 Months unlimited access₹499 6 Months unlimited access₹699 1 Year unlimited access₹1199 2 Years unlimited access₹1999 payu form placeholderIf you already have a premium membership, Sign In. ConsultEase Administrator Consultant Faridabad, India As a Consultease Administrator, I'm responsible for the smooth administration of our portal. Reach out to me in case you need help. Discuss Now Opinions & information presented by ConsultEase Members are their own.
