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<h1>Interest on delayed GST payments: amended schedule provides phased relief by turnover and return category.</h1> The notification amends the first proviso to substitute the phrase with persons liable to pay tax but fail to do so, changes the Table heading from 'Tax period' to 'Month/Quarter', and replaces serial entries to prescribe time banded interest rates for delayed payments differentiated by aggregate turnover and the return filing category under section 39; the amendment is effective from 18th May 2021.