Providing relief by lowering the rate of interest for the months of March and April, 2021. - ERTS(T)65/2017/Pt-II/286 - Meghalaya SGST

GOVERNMENT OF MEGHALAYA EXCISE, REGISTRATION, TAXATION STAMPS DEPARTMENT NOTIFICATION The 1st May, 2021. No. ERTS(T)65/2017/Pt-II/286. - In exercise of the powers conferred by sub-section (1) of section 50 of the Meghalaya Goods and Services Tax Act, 2017 (Act 10 of 2017) read with section 148 of the said Act., the Government of Meghalaya, on the recommendations of the Council, hereby makes the following further amendments in notification of the Government of Meghalaya, Excise, Registration, Taxation and Stamps Department No.ERTS(T)65/2017/23, dated 29th June, 2017 published in the Gazette of Meghalaya, Extraordinary, Part II A, vide number 110, dated the 5th July, 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: - (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 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 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 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. S. A. SYNREM, Commissioner Secretary to the Government of Meghalaya, Excise, Registration, Taxation Stamps Department.