Interest rate relief: reduced late-payment interest slabs for specified GST returns for March, April and May, effective retrospectively. The notification amends the Puducherry GST notification to substitute proviso wording and the rate table, replacing 'Tax period' with 'Month/Quarter' and redefining defaulting taxpayers as those 'liable to pay tax, but, fail to do so.' It prescribes tiered late-payment interest slabs for different turnover categories and return types for March, April and May 2021 (and the quarter ending March 2021), including an initial 15 day nil-interest window for specified small taxpayers, with the amendment effective retrospectively from 18 May 2021.
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Provisions expressly mentioned in the judgment/order text.
Interest rate relief: reduced late-payment interest slabs for specified GST returns for March, April and May, effective retrospectively.
The notification amends the Puducherry GST notification to substitute proviso wording and the rate table, replacing "Tax period" with "Month/Quarter" and redefining defaulting taxpayers as those "liable to pay tax, but, fail to do so." It prescribes tiered late-payment interest slabs for different turnover categories and return types for March, April and May 2021 (and the quarter ending March 2021), including an initial 15 day nil-interest window for specified small taxpayers, with the amendment effective retrospectively from 18 May 2021.
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