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<h1>Interest on delayed GST payments: tiered grace periods and staged rates introduced for different turnover and return categories.</h1> Amendment modifies the first proviso by substituting liable to pay tax but fail to do so, replaces the Table heading 'Tax period' with Month/Quarter, and substitutes serial entries 4-7 to prescribe tiered interest rates for delayed State GST payment tied to aggregate turnover and return-filing categories, with initial grace periods and higher rates thereafter; the notification is effective from 18 May 2021.