Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020

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....s conferred by sub-section (1) of section 50 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No. V of 2017) read with section 148 of the said Act, the Government, on the recommendations of the Council, hereby makes the following further amendment in Notification SRO No. 300 dated 18-07-2017, namely :- In the said notification, in the first paragraph, for the first proviso, the foll....

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....h day of June, 2020 February, 2020, March 2020, April, 2020 2. Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year, whose principal place of business is in the Union Territory of Jammu and Kashmir Nil till the 30th day of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020 February, 2020 Nil till the 5th day of July, 2020, an....