Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.

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Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.

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....the powers conferred by section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), read with sub-section (1) of section 50 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendment in notification of the Government of India in the Ministry of Finance (Depart....

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....rding to the condition mentioned in the corresponding entry in column (5) of the said Table, namely:-- TABLE Sl. No. Class of registered persons Rate of interest Tax period Condition (1) (2) (3) (4) (5) 1. Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year Nil for first 15 days from the due date, and 9 per cent thereafter F....

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Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.