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of <h1>Odisha Reduces Interest Rates on Late GST Returns for Feb-Apr 2020; No Interest for Timely June, July Filings.</h1> The Government of Odisha has issued a notification to reduce the interest rate for late filing of GST returns for the tax periods of February to April 2020. Taxpayers with an annual turnover exceeding INR 5 crores will incur no interest for the first 15 days past the due date, followed by a 9% rate if returns are submitted by June 24, 2020. Those with turnovers between INR 1.5 crores and INR 5 crores, and up to INR 1.5 crores, will not incur any interest if returns are filed by specified dates in June and July 2020. This notification is effective from March 20, 2020.
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