Reduced GST interest rates for delayed filings introduce staged relief and grace periods for specified March and April 2021 returns. Amendment to the Goa GST notification inserts a temporary staged interest schedule for delayed GST return filings in March 2021 and April 2021, differentiating taxpayers by aggregate turnover and return category, with reduced or nil interest for an initial grace period followed by higher rates thereafter; the change is made under section 50 read with section 148 of the Goa GST Act and is effective from 18 April 2021.
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Provisions expressly mentioned in the judgment/order text.
Reduced GST interest rates for delayed filings introduce staged relief and grace periods for specified March and April 2021 returns.
Amendment to the Goa GST notification inserts a temporary staged interest schedule for delayed GST return filings in March 2021 and April 2021, differentiating taxpayers by aggregate turnover and return category, with reduced or nil interest for an initial grace period followed by higher rates thereafter; the change is made under section 50 read with section 148 of the Goa GST Act and is effective from 18 April 2021.
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