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of <h1>Assam Reduces Interest Rates for Late GST Filings: Nil for Initial Days, 9% Thereafter for 2020 Tax Periods.</h1> The Government of Assam issued a notification reducing the interest rates for late GST filings for specific tax periods from February to July 2020. For taxpayers with an annual turnover exceeding 5 crores, the interest rate is nil for the first 15 days post-due date, then 9% until June 24, 2020. For those with turnovers up to 5 crores based in Assam, the interest is nil until specified dates between June and September 2020, followed by 9% until September 30, 2020. This amendment is effective from June 24, 2020.
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