Reduced interest rates for late GST payments instituted for the specified March-May return periods, with staged lower interest windows. Amendment to Notification No. 13/2017-State Tax revises the proviso language, changes the 'Tax period' heading to 'Month/Quarter,' and substitutes table entries setting staged interest rates for late GST payments for March-May 2021. The table differentiates taxpayers by aggregate turnover and return-filing category, prescribing initial lower or nil interest periods from the due date followed by higher rates thereafter. The notification takes effect from 18th May, 2021.
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Provisions expressly mentioned in the judgment/order text.
Reduced interest rates for late GST payments instituted for the specified March-May return periods, with staged lower interest windows.
Amendment to Notification No. 13/2017-State Tax revises the proviso language, changes the "Tax period" heading to "Month/Quarter," and substitutes table entries setting staged interest rates for late GST payments for March-May 2021. The table differentiates taxpayers by aggregate turnover and return-filing category, prescribing initial lower or nil interest periods from the due date followed by higher rates thereafter. The notification takes effect from 18th May, 2021.
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