Seeks to provide relief by lowering of interest rate for the month of March and April, 2021 - 13882 - FIN-CT1-TAX-0002/2020 - Orissa SGST

GOVERNMENT OF ODISHA FINANCE DEPARTMENT NOTIFICATION The 7th May, 2021 S.R.O. No. - In exercise of the powers conferred by sub-section (1) of section 50 of the Odisha Goods and Services Tax Act, 2017 (Odisha Act 7 of 2017) read with section 148 of the said Act, the State Government, on the recommendations of the Goods and Services Tax Council, do hereby make the following further amendment in the notification of the Government of Odisha in Finance Department No. 19825-FIN-CT1-TAX-0022/2017, dated the 29th June, 2017, published in the Extraordinary issue No. 1152 of the Odisha Gazette, dated the 29th June, 2017 bearing S.R.O. No 314/2017, as amended from time to time, and the last such amendment is made in the notification of the Government of Odisha in the Finance Department No. 19369-FIN-CT1-TAX-0002/2020 , dated the 30th June, 2020, published in the Extraordinary issue No.932 of the Odisha Gazette, dated the 30th June, 2020, bearing S.R.O. No. 156/2020, namely: In the said notification, in the Table contained in the proviso, after Serial No. 2, the following serials and entries against them shall be inserted under appropriate column, namely: (1) (2) (3) (4) 3. Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year 9 per cent for the first 15 days from the due date and 18 per cent thereafter March, 2021, April, 2021 4. Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year who are liable to furnish the return as specified under sub-section (1) of section 39 Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafter March, 2021, April, 2021 5. Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year who are liable to furnish the return as specified under proviso to sub-section (1) of section 39 Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafter March, 2021, April, 2021 6. Taxpayers who are liable to furnish the return as specified under sub-section (2) of section 39 Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafter Quarter ending March, 2021. . 2. This notification shall be deemed to have come into force with effect from the 18th day of April, 2021. [ No. 13882 - FIN-CT1-TAX-0002/2020] By order of the Governor Special Secretary to Government