Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020. - ERTS(T)2/2020/264 - Meghalaya SGST

GOVERNMENT OF MEGHALAYA EXCISE, REGISTRATION, TAXATION STAMPS DEPARTMENT NOTIFICATION 51/2020-State Tax Dated Shillong the 24 th June, 2020 No. ERTS(T)2/2020/264 In exercise of the powers conferred by sub-section (1) of Section 50 of the Meghalaya Goods and Services Tax Act, 2017 (10 of 2017) read with Section 148 of the said Act, the Government of Meghalaya, on the recommendations of the Council, hereby makes the following further amendment in notification of the Government No. ERTS (T) 65/2017/23, dated the 29th June, 2017, published in the Gazette of Meghalaya, Extraordinary, Part Il A, vide number 110, dated the 5 th July, 2017, namely :- In the said notification, in the first paragraph, for the first proviso, the following proviso shall be substituted, namely : - Provided that the rate of interest per annum shall be as specified in column (3) of the Table given below for the period mentioned therein, for the class of registered persons mentioned in the corresponding entry in column (2) of the said Table, who are required to furnish the returns in FORM GSTR-3B , but fail to furnish the said return along with payment of tax for the months mentioned in the corresponding entry in column (4) of the said Table by the due date, namely :- TABLE S. No. (1) Class of registered persons (2) Rate of interest (3) Tax period (4) 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 till 24th 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 States of Meghalaya 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 5 th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020 March, 2020 Nil till the 15 th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020 May, 2020 Nil till the 25 th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020 June, 2020 Nil till the 29th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020 July, 2020 S. A. SYNREM, Commissioner Secretary to the Government of Meghalaya, Excise, Registration, Taxation and Stamps Department.