EN 
Vide, CBIC notification no. 09/2022 – CT, dated July 5th, 2022 the amendments in Section 50 and Section 52 of the CGST Act, 2017 shall come into effect from July 5th, 2022.
After the amendment the aforementioned sections would be as follows:
Section 50(3) - Interest on delayed payment of tax:
“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.”
Section 52(6) - Collection of Tax at Source:
“….no rectification of any omission or incorrect particulars shall be allowed after the thirtieth day of November following the end of the financial year or the actual date of furnishing of the relevant annual statement, whichever is earlier.”
Source: https://taxinformation.cbic.gov.in/view-pdf/1009412/ENG/Notifications
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