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 Madhya Pradesh Goods and Services Tax Act, 2017 (No. 19 of 2017), the State Government, on the recommendations of the Goods and Service Tax Council, hereby, fixes the rate of interest per annum for the purpose of the sections as specified in column (2) of the Table below as mentioned hi the corresponding entry in column (3) of the said Table.
TABLE
Provided that the rate of interest per annum shall be as specified in column (3) of the Table given below for the period mentioned therein, for the class of registered persons mentioned in the corresponding entry in column (2) of the said Table, who are liable to pay tax but fail to do so for the months mentioned in the corresponding entry in column (4) of the said Table by the due date, namely:--
Table
(2)
(3)
(4)
2. This notification shall come into force on the 1st day of July, 2017.
By order and in the name of the Governor of Madhya Pradesh,
Arun Parmar,
Dy. Secy.