Regarding Rate of Interest per annum for different purposes - 524/2017 - Uttarakhand SGST

Government of Uttarakhand Finance Section 8 Notification No. 524/2017/9(120)/XXVII(8)/2017 Dehradun Dated 29/06/2017 WHEREAS, the State Government is satisfied that it is expedient so to do in public interest; Now, THEREFORE, In exercise of the powers conferred by sub-section (1) and (3) of section 50 , sub-section (12) of section 54 and section 56 of the Uttarakhand Goods and Services Tax Act, 2017 (06 of 2017) , the Governor, in the continuation the recommendations of Goods and Services Tax Council is pleased to allow to fix 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 (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. s ection 56 6 per cent 5. proviso to section 56 9 per cent 2. This notification shall come into force on and with effect from the 1 st day of July, 2017. (Radha Raturi) Principal Secretary