Seeks to provide relief by lowering of interest rate for a specified time for tax periods March, 2021 to May, 2021.

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..... red by sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with section 148 of the said Act, the Government, on the recommendations of the Council, hereby makes the following further amendments in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2017 - Central Tax, dated the 28th June, 2017, published in .....

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..... 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 .....

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..... 1 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. [F. No. CBIC-20001/5/2021] RAJEEV RANJAN, Under Secy .....

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