Interest concessions for delayed GST returns: phased nil-interest windows then standard interest for different taxpayer turnover categories. The amendment substitutes the first proviso to prescribe the rate of interest for registered persons required to furnish returns in FORM GSTR-3B who fail to pay tax by the due date, establishing turnover-based classes and phased nil-interest windows for specified tax periods, after which a uniform interest rate applies.
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Provisions expressly mentioned in the judgment/order text.
Interest concessions for delayed GST returns: phased nil-interest windows then standard interest for different taxpayer turnover categories.
The amendment substitutes the first proviso to prescribe the rate of interest for registered persons required to furnish returns in FORM GSTR-3B who fail to pay tax by the due date, establishing turnover-based classes and phased nil-interest windows for specified tax periods, after which a uniform interest rate applies.
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