Notification regarding rate of interest under the Uttar Pradesh Goods and Services Tax Act, 2017 - KA.NI.-2-838/XI-9(47)/17 - Uttar Pradesh SGST

NOTIFICATION No.-KA.NI.-2-838/XI-9(47)/17-U.P. Act-1-2017-Order-(08)-2017 Lucknow: Dated: June 30, 2017 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 Uttar Pradesh Goods and Services Tax Act, 2017 (U.P. Act no. 1 of 2017) , the Governor, on the recommendations of Goods and Services Tax Council, is pleased to fix the rate of interest per annum for the purposes of 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 (1) (2) (3) 1. Sub-section (1) of section 50 18 per cent. 2. Sub-section (3) of section 50 24 per cent. 3. Sub-section (12) of section 54 6 per cent. 4. Section 56 6 per cent. 5. Proviso to section 56 9 per cent. 2. This notification shall come into force on the 1 st day of July, 2017. By Order, ( S. Rajalingam ) Vishesh Sachiv