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of <h1>Gujarat revises late GST payment interest rates for Feb-Apr 2020; no interest for up to 15 days.</h1> The Government of Gujarat issued a notification amending the interest rates on late GST payments for the tax periods from February to April 2020. Taxpayers with an aggregate turnover exceeding 5 crores in the previous financial year will incur no interest for the first 15 days post-due date, followed by a 9% interest rate. For those with a turnover between 1.5 crores and 5 crores, no interest will be charged if returns are filed by specified dates in June 2020. Taxpayers with a turnover up to 1.5 crores will also incur no interest if returns are filed by specified dates extending into July 2020. This notification is effective from March 20, 2020.
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