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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..... NOTIFICATION (22/2020) In exercise of the powers conferred by sub-section (1) of Section 50 of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017) read with Section 148 of the said Act, the Government of Karnataka, on the recommendations of the Council, hereby makes the following further amendment in Government of Karnataka Notification (13/2017) No. FD 47 CSL 2017, dat .....

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..... 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 Ju .....

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..... May, 2020 Nil till the 23rd day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020 June, 2020 Nil till the 27 th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020 July, 2020 By Oder and in the name of the Governo .....

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