Puducherry Amends GST Late Payment Interest Rates for March-April 2021; Changes Effective April 18, 2021.
The Government of Puducherry has amended the interest rates on late GST payments for March and April 2021 under the Puducherry Goods and Services Tax Act, 2017. Taxpayers with an aggregate turnover exceeding 5 crores will incur a 9% interest rate for the first 15 days after the due date and 18% thereafter. Taxpayers with a turnover up to 5 crores will have no interest for the first 15 days, 9% for the next 15 days, and 18% thereafter. These changes apply to returns specified under sections 39(1) and 39(2) and are effective from April 18, 2021.
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Puducherry Amends GST Late Payment Interest Rates for March-April 2021; Changes Effective April 18, 2021.
The Government of Puducherry has amended the interest rates on late GST payments for March and April 2021 under the Puducherry Goods and Services Tax Act, 2017. Taxpayers with an aggregate turnover exceeding 5 crores will incur a 9% interest rate for the first 15 days after the due date and 18% thereafter. Taxpayers with a turnover up to 5 crores will have no interest for the first 15 days, 9% for the next 15 days, and 18% thereafter. These changes apply to returns specified under sections 39(1) and 39(2) and are effective from April 18, 2021.
Puducherry Amends GST Late Payment Interest Rates for March-April 2021; Changes Effective April 18, 2021.
The Government of Puducherry has amended the interest rates on late GST payments for March and April 2021 under the Puducherry Goods and Services Tax Act, 2017. Taxpayers with an aggregate turnover exceeding 5 crores will incur a 9% interest rate for the first 15 days after the due date and 18% thereafter. Taxpayers with a turnover up to 5 crores will have no interest for the first 15 days, 9% for the next 15 days, and 18% thereafter. These changes apply to returns specified under sections 39(1) and 39(2) and are effective from April 18, 2021.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.