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of <h1>Meghalaya Reduces GST Interest Rates for Late Payments in March-April 2021; Relief for Businesses.</h1> The Government of Meghalaya has amended its notification regarding the Meghalaya Goods and Services Tax Act, 2017, to provide relief by reducing interest rates for late tax payments for March and April 2021. Taxpayers with an annual turnover exceeding 5 crores will incur a 9% interest for the first 15 days past the due date, increasing to 18% thereafter. For those with turnovers up to 5 crores, no interest will be charged for the first 15 days, followed by 9% for the next 15 days, and 18% thereafter. This notification is effective from April 18, 2021.
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