Seeks to provide relief by lowering of interest rate for a specified time for tax periods March, 2021 to May, 2021 - 18/2021 - State Tax - Maharashtra SGST
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Reduced GST interest rates for delayed tax payment apply with staged nil and lower rates for March-May 2021. Amendment revises GST interest rules to provide time-limited reduced interest rates for delayed tax payment for March-May 2021, substitutes wording in the first proviso to refer to taxpayers 'liable to pay tax but fail to do so,' changes the Table heading to 'Month/Quarter,' and prescribes graded interest rates and initial nil-interest grace periods differentiated by aggregate turnover and return category. The notification takes effect from 18 May 2021.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reduced GST interest rates for delayed tax payment apply with staged nil and lower rates for March-May 2021.
Amendment revises GST interest rules to provide time-limited reduced interest rates for delayed tax payment for March-May 2021, substitutes wording in the first proviso to refer to taxpayers "liable to pay tax but fail to do so," changes the Table heading to "Month/Quarter," and prescribes graded interest rates and initial nil-interest grace periods differentiated by aggregate turnover and return category. The notification takes effect from 18 May 2021.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
