Amendment in Notification S.R.O. No.359/2017 dated 30th June, 2017 - S. R. O. No. 562/2021 - Kerala SGST

GOVERNMENT OF KERALA Taxes (B) Department NOTIFICATION G.O.(P) No.52/2021/TAXES. Dated, Thiruvananthapuram, 26th July, 2021 10th Karkadakam, 1196 S. R. O. No. 562/2021 In exercise of the powers conferred by sub-section (1) of section 50 of the Kerala State Goods and Services Tax Act, 2017 (20 of 2017) read with section 148 of the said Act, the Government of Kerala, on the recommendations of the Council, hereby makes the following further amendments to the notification issued under G.O.(P) No.61/2017/TAXES. dated 30th June, 2017 and published as S.R.O. No.359/2017 in the Kerala Gazette Extraordinary No. 1349 dated 30th June, 2017, namely: (i) In the said notification, in the first paragraph, in the first proviso, in the Table after Sl. No. 3, the following shall be inserted, namely: 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 percent 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 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 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 subsection (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 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 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. By order of the Governor, Dr. Sharmila Mary Joseph, Secretary to Government. Explanatory Note (This does not form part of the notification, but is intended to indicate its general purport.) On recommendation of the Goods and Services Tax Council, Government have decided to provide relief by lowering of interest rate to the tax payers having an aggregate turnover of more than rupees five crores in the preceding financial year and tax payers having an aggregate turnover of upto rupees five crores in the preceding financial year who are liable to furnish the return as specified under sub-sections (1) and (2) of section 39 for filing return for the month of March and April, 2021. The notification is intended to achieve the above object.