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of <h1>Haryana Govt Reduces Interest Rates on Late Tax Payments for March-May 2021 Under HGST Act, 2017.</h1> The Haryana Government amended notification No.45/ST-2 to lower interest rates for late tax payments under the HGST Act, 2017 for March, April, and May 2021. Taxpayers with over Rs. 5 crores turnover will incur a 9% interest for the first 15 days after the due date, then 18% thereafter. Those with up to Rs. 5 crores turnover will have no interest for the first 15 days, 9% for varying subsequent days, and 18% thereafter, depending on the month. This amendment, effective from May 18, 2021, aims to provide financial relief during the specified tax periods.
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