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of <h1>Rajasthan amends GST Act 2017, reduces interest rates for late payments for March-May 2021. Relief varies by turnover.</h1> The Government of Rajasthan has issued a notification amending previous tax regulations under the Rajasthan Goods and Services Tax Act, 2017. The amendments aim to provide relief by reducing interest rates for late tax payments for the periods of March, April, and May 2021. Taxpayers with an aggregate turnover exceeding 5 crores will incur a 9% interest rate for the first 15 days after the due date, increasing to 18% thereafter. Those with a turnover up to 5 crores will have no interest for the first 15 days, followed by 9% for varying periods depending on the month, and 18% thereafter. This notification is effective from May 18, 2021.
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