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Home Acts & Rules GST Acts CENTRAL GOODS AND SERVICES TAX ACT, 2017 Chapters List Chapter X PAYMENT OF TAX This

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Section 50 - Interest on delayed payment of tax. - CENTRAL GOODS AND SERVICES TAX ACT, 2017

Extract

..... terest on tax payable in respect of supplies made during a tax period and declared in the return for the said period furnished after the due date in accordance with the provisions of section 39, except where such return is furnished after commencement of any proceedings under section 73 or section 74 in respect of the said period, shall be payable on that portion of the tax which is paid by debiting the electronic cash ledger. ] (2) The interest under sub-section (1) shall be calculated, in such .....

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Section 50 - Interest on delayed payment of tax. - CENTRAL GOODS AND SERVICES TAX ACT, 2017

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..... shed after commencement of any proceedings under section 73 or section 74 in respect of the said period, shall be levied on that portion of the tax that is paid by debiting the electronic cash ledger. ] 3. Substituted vide Finance Act, 2022 w.e.f. 01.07.2017 to be notified w.e.f. 05-07-2022 before it was read as, (3) A taxable person who makes an undue or excess claim of input tax credit under sub-section (10) of section 42 or undue or excess reduction in output tax liability under sub-section ( .....

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Section 50 - Interest on delayed payment of tax. - CENTRAL GOODS AND SERVICES TAX ACT, 2017

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  1. 09/2022 - Dated: 5-7-2022 - Central GST (CGST) - Cross transfer of balance in cash ledger - Interest on ITC wrongly availed and utilized - Seeks to notify the provisions of clause (c) of section 110 and section 111 of the Finance Act, 2022
  2. 08/2022 - Dated: 7-6-2022 - Central GST (CGST) - Seeks to provide waiver of interest for specified electronic commerce operators for specified tax periods
  3. 18/2021 - Dated: 1-6-2021 - Central GST (CGST) - Seeks to provide relief by lowering of interest rate for a specified time for tax periods March, 2021 to May, 2021.
  4. 02/2021 - Dated: 1-6-2021 - Union Territory GST (UTGST) - Seeks to provide relief by lowering of interest rate for a specified time for tax periods March, 2021 to May, 2021.
  5. 02/2021 - Dated: 1-6-2021 - Integrated GST (IGST) - Seeks to provide relief by lowering of interest rate for a specified time for tax periods March, 2021 to May, 2021.
  6. 14/2021 - Dated: 1-5-2021 - Central GST (CGST) - Seeks to extend specified compliances falling between 15.04.2021 to 30.05.2021 till 31.05.2021 in exercise of powers under section 168A of CGST Act.
  7. 08/2021 - Dated: 1-5-2021 - Central GST (CGST) - Seeks to provide relief by lowering of interest rate for the month of March and April, 2021
  8. 01/2021 - Dated: 1-5-2021 - Integrated GST (IGST) - Seeks to provide relief by lowering of interest rate for the month of March and April, 2021
  9. 01/2021 - Dated: 1-5-2021 - Union Territory GST (UTGST) - Seeks to provide relief by lowering of interest rate for the month of March and April, 2021
  10. 51/2020 - Dated: 24-6-2020 - Central GST (CGST) - Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.
  11. 05/2020 - Dated: 24-6-2020 - Integrated GST (IGST) - Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.
  12. 02/2020 - Dated: 24-6-2020 - Union Territory GST (UTGST) - Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.
  13. 03/2020 - Dated: 8-4-2020 - Integrated GST (IGST) - Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.
  14. 01/2020 - Dated: 8-4-2020 - Union Territory GST (UTGST) - Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.
  15. 35/2020 - Dated: 3-4-2020 - Central GST (CGST) - Extension of validity of e-way bills.
  16. 31/2020 - Dated: 3-4-2020 - Central GST (CGST) - Seeks to amend Notification No. 13/2017–Central Tax, dated the 28th June, 2017 - A lower rate of interest of NIL for first 15 days after the due date of filing return in FORM GSTR-3B and @ 9% thereafter is notified for those registered persons having aggregate turnover above ₹ 5 Crore and NIL rate of interest is notified for other cases for certain period.
  17. 10/2017 - Dated: 30-6-2017 - Union Territory GST (UTGST) - Fixes the rate of interest per annum
  18. 13/2017 - Dated: 28-6-2017 - Central GST (CGST) - Rate of interest u/s 50(1), u/s 50(3), u/s 54 and u/s 56 of the CGST Act, 2017
  19. 09/2017 - Dated: 28-6-2017 - Central GST (CGST) - Seeks to bring into force certain sections of the CGST Act, 2017 w.e.f 01.07.2017
  20. 06/2017 - Dated: 28-6-2017 - Integrated GST (IGST) - Seeks to prescribe rate of interest under IGST Act, 2017
  1. Section 80 - Payment of tax and other amount in instalments. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  2. Section 74 - Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilfull-misstatement or suppression of facts. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  3. Section 73 - Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful-misstatement or suppression of facts. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  4. Section 62 - Assessment of non-filers of returns. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  5. Section 60 - Provisional assessment. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  6. Section 52 - Collection of tax at source. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  7. Section 51 - Tax deduction at source. - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  8. Section 43 - Omitted - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  9. Section 42 - Omitted - CENTRAL GOODS AND SERVICES TAX ACT, 2017
  10. Rule 96A - Export of goods or services under bond or Letter of Undertaking - Central Goods and Services Tax Rules, 2017
  11. Rule 88B - Manner of calculating interest on delayed payment of tax - Central Goods and Services Tax Rules, 2017
  12. Rule 85 - Electronic Liability Register - Central Goods and Services Tax Rules, 2017
  13. Rule 42 - Manner of determination of input tax credit in respect of inputs or input services and reversal thereof - Central Goods and Services Tax Rules, 2017
  14. Rule 37 - Reversal of input tax credit in the case of non-payment of consideration - Central Goods and Services Tax Rules, 2017