Lowered interest rates for delayed GST payments apply to specified tax periods with phased concessionary windows. Temporary restructuring of interest for specified March-May 2021 return periods replaces default language to 'liable to pay tax but fail to do so,' changes the table heading to 'Month /Quarter,' and substitutes serial entries setting phased interest slabs: an initial concessionary nil or lower rate for a defined early window followed by intermediate and final rates. The schedule differentiates taxpayers by aggregate turnover in the preceding financial year and by return-filing class under section 39 (monthly and quarterly filers). The amendment is effective from a stated date in May 2021 under the Andhra Pradesh GST Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Lowered interest rates for delayed GST payments apply to specified tax periods with phased concessionary windows.
Temporary restructuring of interest for specified March-May 2021 return periods replaces default language to "liable to pay tax but fail to do so," changes the table heading to "Month /Quarter," and substitutes serial entries setting phased interest slabs: an initial concessionary nil or lower rate for a defined early window followed by intermediate and final rates. The schedule differentiates taxpayers by aggregate turnover in the preceding financial year and by return-filing class under section 39 (monthly and quarterly filers). The amendment is effective from a stated date in May 2021 under the Andhra Pradesh GST Act.
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