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of <h1>Madhya Pradesh Amends GST Act 2017: New Interest Rates for Late Tax Payments in March & April 2021.</h1> The Madhya Pradesh State Government, under the Madhya Pradesh Goods and Services Tax Act, 2017, has amended its previous notification to provide relief by adjusting interest rates for late tax payments for March and April 2021. Taxpayers with an annual turnover exceeding 5 crores will incur a 9% interest rate for the first 15 days past the due date and 18% thereafter. Taxpayers with a turnover up to 5 crores will have no interest for the first 15 days, 9% for the next 15 days, and 18% thereafter. This notification is effective from April 18, 2021.
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