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of <h1>Karnataka Amends GST Late Filing Interest Rates for Feb-Apr 2020; Nil Rates for Timely Submissions.</h1> The Government of Karnataka issued a notification amending the interest rates for late filing of GST returns for the tax periods of February to April 2020. For taxpayers with an annual turnover exceeding 5 crores, the interest rate is nil for the first 15 days post due date and 9% thereafter, provided returns are filed by June 24, 2020. For those with turnovers between 1.5 to 5 crores, the interest rate is nil if returns are filed by June 29, 2020, for February and March, and by June 30, 2020, for April. Taxpayers with turnovers up to 1.5 crores have deadlines extending to early July 2020 for nil interest. This notification is effective from March 20, 2020.
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