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of <h1>Kerala amends GST rules: Adjusted interest rates for late tax filings in March and April 2021 for varied turnovers.</h1> The Government of Kerala issued an amendment to Notification S.R.O. No.359/2017, under the Kerala State Goods and Services Tax Act, 2017. Effective from April 18, 2021, this amendment adjusts interest rates for late tax return filings for March and April 2021. Taxpayers with an annual turnover exceeding five crores will incur a 9% interest for the first 15 days past the due date, increasing to 18% thereafter. Taxpayers with a turnover up to five crores will have no interest for the first 15 days, 9% for the next 15 days, and 18% thereafter. This amendment aims to provide financial relief.
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