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

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....powers conferred by sub-section (1) of section 50 of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017) (hereafter in this notification referred to as the said Act), read with section 148 of the said Act, the Government of Karnataka, on the recommendations of the Council, hereby makes the following amendment in the Government of Karnataka Notification (13/2017) No.FD 47 CSL ....

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....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 February, 2020, March 2020, April, 2020 If return in FORM GSTR-3B is furnished on or before the 2....