Interest relief for delayed GST payments: lowered staged interest rates for specified taxpayers for March and April filings. The amendment inserts new entries prescribing staged interest rates for delayed state GST payments for specific taxpayer categories-distinguished by aggregate turnover and return-filing mechanism-applying a nil or lower rate for an initial short period from the due date, an intermediate rate for the next short period, and a higher rate thereafter; these provisions apply to returns for March and April 2021 (and the quarter ending March 2021 for quarterly filers) and are effective from 18 April 2021.
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Provisions expressly mentioned in the judgment/order text.
Interest relief for delayed GST payments: lowered staged interest rates for specified taxpayers for March and April filings.
The amendment inserts new entries prescribing staged interest rates for delayed state GST payments for specific taxpayer categories-distinguished by aggregate turnover and return-filing mechanism-applying a nil or lower rate for an initial short period from the due date, an intermediate rate for the next short period, and a higher rate thereafter; these provisions apply to returns for March and April 2021 (and the quarter ending March 2021 for quarterly filers) and are effective from 18 April 2021.
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