Council, hereby fixes the rate of interest per annum. - MGST-1017/C.R.103 (20)/Taxation-1. - Maharashtra SGST

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralya, Mumbai- 400 032. Dated the 29th June 2017. NOTIFICATION MAHARASHTRA GOODS AND SERVICES TAX ACT, 2017. No. MGST-1017/C.R. 103 (20)/Taxation-1.- 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 Maharashtra Goods and Services Tax Act, 2017 (Mah.XLIII of 2017) , the Government of Maharashtra, 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. Table Serial Number Section Rate of interest (in per cent) (1) (2) (3) 1. sub-section (1) of section 50 18 2. sub-section (3) of section 50 24 3. sub-section (12) of section 54 6 4. section 56 6 5. proviso to section 56 9 2. This notification shall come into force from the 1st day of July, 2017. By order and in name of the Governor of Maharashtra, R.D. BHAGAT, Deputy Secretary to the Government.