Interest rate relief for GST returns reduces default interest for eligible taxpayers during specified pandemic months. Amends a state GST notification to provide temporary graded default interest relief for specified return periods: higher-turnover taxpayers receive a reduced interest rate for an initial grace period before the standard rate applies; smaller taxpayers and specified return categories receive an initial nil-interest window, an intermediate reduced-rate window, and the standard rate thereafter, with the relief tied to the return periods listed in the inserted Table and the amendment given retrospective effect to specified commencement dates.
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Provisions expressly mentioned in the judgment/order text.
Interest rate relief for GST returns reduces default interest for eligible taxpayers during specified pandemic months.
Amends a state GST notification to provide temporary graded default interest relief for specified return periods: higher-turnover taxpayers receive a reduced interest rate for an initial grace period before the standard rate applies; smaller taxpayers and specified return categories receive an initial nil-interest window, an intermediate reduced-rate window, and the standard rate thereafter, with the relief tied to the return periods listed in the inserted Table and the amendment given retrospective effect to specified commencement dates.
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