CBIC clarifies on the aspect of interest payable on late payment of tax and wrongly availed ITC; On the occasion of 6 years of GST, apprise that taxpayers are liable to pay interest only if they utilized the wrongly availed ITC for payment of GST liability; States that a decision has been taken to provide relief to the taxpayers retrospectively; Also, informs about reduction in the interest rate on wrongly availed and utilised ITC from 24% to 18% (from July 1, 2017): CBIC