Lowering of interest rate for March to May 2021 amending Notification No 13/2017-State Tax - 18/2021-State Tax - Gujarat SGST

GOVERNMENT OF GUJARAT NOTIFICATION FINANCE DEPARTMENT Sachivalaya, Gandhinagar Dated the 9 th June, 2021 Notification No. 18/2021-State Tax Gujarat Goods and Services Tax Act, 2017 No.(GHN- 30) GST-2021/S.50 (1) (3)TH :- In exercise of the powers conferred by sub section (1) of section 50 of the Gujarat Goods and Services Tax Act, 2017 (Guj. 25 of 2017) read with section 148 of the said Act, the Government of Gujarat, on the recommendations of the Goods and Services Tax Council, hereby makes the following further amendments in notification of the Government of Gujarat, Finance Department No. (GHN-30) GST- 2017/S.50, 54 56(1)-TH dated the 30 th June, 2017 being Notification No. 13/2017-State Tax, namely :- In the said notification, in the first paragraph, in the first proviso,- (i) for the words, letters and figure required to furnish the returns in FORM GSTR-3B , but fail to furnish the said return along with payment of tax , the words liable to pay tax but fail to do so shall be substituted; (ii) in the Table, in column 4, in the heading, for the words Tax period , the words Month/Quarter shall be substituted; (iii) in the Table, for serial number 4, 5, 6 and 7, the following shall be substituted, namely: - (1) (2) (3) (4) 4. 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 and May, 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 sub-section (1) of section 39 Nil for the first 15 days from the due date, 9 per cent for the next 45 days, and 18 per cent thereafter March, 2021 Nil for the first 15 days from the due date, 9 per cent for the next 30 days, and 18 per cent thereafter April, 2021 Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafter May, 2021 6. 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 45 days, and 18 per cent thereafter March, 2021 Nil for the first 15 days from the due date, 9 per cent for the next 30 days, and 18 per cent thereafter April, 2021 Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and 18 per cent thereafter May, 2021 7. 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 45 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 May, 2021. By order and in the name of Governor of Gujarat, Dilip Thaker Deputy Secretary to Government