Fixes the rate of interest per annum. - G.O. (Ms.) No. 061 - Tamil Nadu SGST

COMMERCIAL TAXES AND REGISTRATION (131) DEPARTMENT G.O.(Ms.) No. 61 Dated: 29.6.2017 Aani -15, Thiruvalluvar Aandu, 2048 NOTIFICATION. No. II(2)/CTR/532(d-3)/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 Tamil Nadu Goods and Services Tax Act, 2017 (Tamil Nadu Act 19 of 2017) , the Governor of Tamil Nadu, 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. Dr. C. CHANDRAMOULI ADDITIONAL CHIEF SECRETARY TO GOVERNMENT (FAC)