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of <h1>Bihar GST Act Amended: Conditional Interest Rate Relief for Late Tax Returns from Feb-Apr 2020 for Various Turnover Brackets.</h1> The Governor of Bihar, under the Bihar Goods and Services Tax Act, 2017, has amended a previous notification to provide relief by conditionally lowering interest rates for late tax returns for the periods of February to April 2020. Taxpayers with turnovers exceeding 5 crores will have a nil interest rate for 15 days post-due date and 9% thereafter if returns are filed by June 24, 2020. Those with turnovers between 1.5 to 5 crores and up to 1.5 crores will have a nil interest rate if returns are filed by specified dates in June and July 2020. This notification is effective from March 20, 2020.
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