Amendment in notification of the Government of Uttarakhand, No. 524/2017/9(120)/XXVII(8)/2017 dated 29th June, 2017 (as amended from time to time). - 410/2021/01(120)/XXVII(8)/2021/CT-18 - Uttarakhand SGST

Uttarakhand Amends SGST: New Interest Rates for Late Payments Based on Turnover; Effective May 18, 2021.

The Government of Uttarakhand has amended a previous notification concerning the State Goods and Services Tax (SGST). The amendment modifies the language regarding tax payment obligations and updates the interest rates applicable to late tax payments. For taxpayers with an annual turnover exceeding 5 crores, the interest is 9% for the first 15 days post-due date and 18% thereafter. For those with a turnover up to 5 crores, the interest is nil for the first 15 days, 9% for the next 30-45 days, and 18% thereafter, depending on the month. This amendment is effective from May 18, 2021.