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    <description>Amendment substitutes the triggering phrase to &quot;liable to pay tax but fail to do so&quot;, changes the Table heading from &quot;Tax period&quot; to &quot;Month/Quarter&quot;, and replaces serials 4-7 with a tiered interest schedule allocating initial nil or reduced interest windows followed by higher rates for successive delayed periods applicable to specified months and the quarter ending March, 2021; the amendment is effective from 18th May, 2021.</description>
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