Section 50, Central Goods and Services Tax Act, 2017 [S10-7PQ]
As at 7 September 2026. In force from 1 July 2017 by Notification No. 9/2017-Central Tax, dated 28-6-2017 [N10-27X].
50. Interest on delayed payment of tax.—
(1) Every person who is liable to pay tax in accordance with the provisions of this Act or the rules made thereunder, but fails to pay the tax or any part thereof to the Government within the period prescribed, shall for the period for which the tax or any part thereof remains unpaid, pay, on his own, interest at such rate, not exceeding eighteen per cent., as may be notified by the Government on the recommendations of the Council:
Provided that the interest on tax payable in respect of supplies made during a tax period and declared in the return for the said period furnished after the due date in accordance with the provisions of section 39, except where such return is furnished after commencement of any proceedings under section 73 or section 74 or section 74A in respect of the said period, shall be levied on that portion of the tax that is paid by debiting the electronic cash ledger.
(2) The interest under sub-section (1) shall be calculated, in such manner as may be prescribed, from the day succeeding the day on which such tax was due to be paid.
(3) Where the input tax credit has been wrongly availed and utilised, the registered person shall pay interest on such input tax credit wrongly availed and utilised, at such rate not exceeding twenty-four per cent. as may be notified by the Government, on the recommendations of the Council, and the interest shall be calculated, in such manner as may be prescribed
Defined terms in this text (10)
act: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (2) "act", used with reference to an offence or a civil wrong, shall include a series of acts, and words which refer to acts done extend also to illegal omissions;
act: 363 more definitions.
commencement: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (13) "commencement", used with reference to an Act or Regulation, shall mean the day on which the Act or Regulation comes into force;
Government: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (23) "Government" or the Government shall include both the Central Government and any State Government;
input tax credit: Section 2(63), Central Goods and Services Tax Act, 2017: "input tax credit" means the credit of input tax;
Part: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (40) "Part" shall mean a Part of the Act or Regulation in which the word occurs;
person: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): "person" shall include any company or association or body of individuals, whether incorporated or not
person: 1 more definition.
registered: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (49) "registered", used with reference to a document, shall mean registered in India under the law for the time being in force for the registration of documents;
registered person: Section 2(94), Central Goods and Services Tax Act, 2017: "registered person" means a person who is registered under section 25 but does not include a person having a Unique Identity Number;
section: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (54) "section" shall mean a section of the Act or Regulation in which the word occurs;
section: 363 more definitions.
sub-section: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (61) "sub-section" shall mean a sub-section of the section in which the word occurs;
Made under this section, or naming it (11)
Notification No. 07/2024-Central Tax [N11-2Y2], 8 April 2024, in force. Recital: "In exercise of the powers conferred by sub-section (1) of section 50 read with section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (herein after referred to as the Act), the Government, on the recommendations of the Council"
Notification No. 08/2021-Central Tax [N10-S2M], 1 May 2021, in force. Recital: "In exercise of the powers conferred by sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 148 of the said Act, the Government, on the recommendations of the Council"
Notification No. 08/2022-Central Tax [N10-WPD], 7 June 2022, in force. Recital: "In exercise of the powers conferred by sub-section (1) of section 50 read with section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council"
Notification No. 18/2021-Central Tax [N10-S7Y], 1 June 2021, in force. Recital: "In exercise of the powers conferred by sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 148 of the said Act, the Government, on the recommendations of the Council"
Notification No. 31/2020-Central Tax [N10-P2D], 3 April 2020, in force. Recital: "In exercise of the powers conferred by sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with section 148 of the said Act, the Central Government, on the recommendations of the Council"
Notification No. 51/2020-Central Tax [N10-PVT], 24 June 2020, in force. Recital: "In exercise of the powers conferred by sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 148 of the said Act, the Central Government, on the recommendations of the Council"
Circular No. 171/03/2022-GST [C10-5W0], 6 July 2022, in force. The text contains "section 50 of the said Act".
Circular No. 192/04/2023-GST [C10-6HP], 17 July 2023, in force. The text contains "sub-section (3) of section 50 of the Central Goods and Services Tax Act, 2017".
Notification No. 06/2023-CENTRAL TAX [N10-Z9T], 31 March 2023, in force. The text contains "sub-section (1) of section 50 of the said Act".
Notification No. 6/2017-Integrated Tax [N10-1Y6], 28 June 2017, in force. The text contains "sub-section (3) of section 50 of the Central Goods and Services Tax Act, 2017".
Notification No. 10/2017-Union Territory Tax [N10-2B5], 30 June 2017, in force. The text contains "sub-section (3) of section 50 of the Central Goods and Services Tax Act, 2017".
Cited by (18)
Section 128A, Central Goods and Services Tax Act, 2017 [S10-ACQ], 12 April 2017, Band A. "section 50".
Section 16, Central Goods and Services Tax Act, 2017 [S10-6GZ], 12 April 2017, Band A. "section 50".
Section 51, Central Goods and Services Tax Act, 2017 [S10-7QN], 12 April 2017, Band A. "section 50".
Section 52, Central Goods and Services Tax Act, 2017 [S10-7RB], 12 April 2017, Band A. "section 50".
Section 60, Central Goods and Services Tax Act, 2017 [S10-815], 12 April 2017, Band A. "section 50".
Section 62, Central Goods and Services Tax Act, 2017 [S10-831], 12 April 2017, Band A. "section 50".
Section 73, Central Goods and Services Tax Act, 2017 [S10-8EV], 12 April 2017, Band A. "section 50".
Section 74, Central Goods and Services Tax Act, 2017 [S10-8FS], 12 April 2017, Band A. "section 50".
Section 74A, Central Goods and Services Tax Act, 2017 [S10-8G2], 12 April 2017, Band A. "section 50".
Section 76, Central Goods and Services Tax Act, 2017 [S10-8J6], 12 April 2017, Band A. "section 50".
Section 80, Central Goods and Services Tax Act, 2017 [S10-8PE], 12 April 2017, Band A. "section 50".
Rule 37, Central Goods and Services Tax Rules, 2017 [S10-E7H], 19 June 2017, Band A. "section 50".
Rule 37A, Central Goods and Services Tax Rules, 2017 [S10-E8F], 19 June 2017, Band A. "section 50".
Rule 42, Central Goods and Services Tax Rules, 2017 [S10-EE3], 19 June 2017, Band A. "section 50".
Rule 88B, Central Goods and Services Tax Rules, 2017 [S10-G8R], 19 June 2017, Band A. "section 50".
Rule 88C, Central Goods and Services Tax Rules, 2017 [S10-G9T], 19 June 2017, Band A. "section 50".
Rule 96A, Central Goods and Services Tax Rules, 2017 [S10-GN7], 19 June 2017, Band A. "section 50".
Rule 96B, Central Goods and Services Tax Rules, 2017 [S10-GP1], 19 June 2017, Band A. "section 50".
Not held (0)
none
Duties published under this section (0)
none