Interest on late GST returns revised by turnover category: staged grace periods with escalating interest thereafter. Amendment inserts differentiated staged interest provisions for late GST returns by turnover and return category, providing an initial lower or nil-interest window followed by progressively higher rates, adds four table entries to the existing proviso, and declares the amendment effective retrospectively from the stated date.
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Interest on late GST returns revised by turnover category: staged grace periods with escalating interest thereafter.
Amendment inserts differentiated staged interest provisions for late GST returns by turnover and return category, providing an initial lower or nil-interest window followed by progressively higher rates, adds four table entries to the existing proviso, and declares the amendment effective retrospectively from the stated date.
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