Monday, July 3, 2017

gst interest rates order under telangana gst act

GOVERNMENT OF TELANGANA ABSTRACT



The Telangana Goods and Services Tax Act, 2017 – Notification on Interest Rates under the Act – Orders – Issued.

Revenue (CT-II) Department

     s.No. 122                                                                                       Dated: 30-06-2017.
Read the following:

1.          The Telangana Goods and Services Tax Act,2017 (Act.No.23 of 2017), Dt:27.05.2017.
2.         From Commissioner of Commercial Taxes, Telangana, Hyderabad, letter in CCT’s Ref No. A(1)/76/2017, Dt. 29-06-2017.
*****

O R D E R :


The following Notification are issued in the Extraordinary issue of Telangana Gazette dt:30.06.2017.

Notification No. 5/2017


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 Telangana Goods and Services Tax  Act, 2017 (Act No. 23 of 2017), the State Government, 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 with effect on and from the 1st  day of July, 2017.

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA)






To:

SOMESH KUMAR

PRINCIPAL SECRETARY TO GOVERNMENT


The Commissioner of Printing, Stationery and Stores Purchase (Publication Wing) Telangana, Hyderabad for publication of the Notification (he is requested to supply 100 copies of the notification to this Department
and 300 copies to Commissioner of Commercial Taxes, Telangana, Hyderabad)


::2::
The Commissioner of Commercial Taxes, Telangana State, Hyderabad The General Administration (Vigilance & Enforcement) Department,
Telangana, B.R.K.R. Building, Hyderabad
The Secretary, TVAT Appellate Tribunal, Nampally,Hyderabad
The Director General, General Administration(Vigilance&Enforcement)Dept., Telangana State, B.R.K.R.Buildings, Hyderabad
Copy to:
The Accountant General, O/o the AG, Telangana State, Hyderabad. The Law (E) Department
The P.S. to the Addl. Principal Secretary to Hon’ble Chief Minister, Government of Telangana
The P.S. to Principal Secretary to Government (CT & Ex), Revenue Department Sf/Sc

//FORWARDED :: :: BY ORDER//



SECTION OFFICER

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