TMI BlogSeeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.X X X X Extracts X X X X X X X X Extracts X X X X ..... 24th June, 2020 G.S.R. 404 (E).- In exercise of the powers conferred 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 Central Government, on the recommendations of the Council, hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Depar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aid Table by the due date, namely:-- Table S. No. (1) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020 March, 2020 Nil till the 6th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020 April, 2020 Nil till the 12th day of September, 2020, and 9 per cent thereafter till the 30th day of Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es of Jammu and Kashmir, Ladakh, Chandigarh and Delhi Nil till the 30th day of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020 February, 2020 Nil till the 5th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020 March, 2020 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /2017 Central Tax, dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.661(E), dated the 28th June, 2017 and was last amended vide notification number 31/2020 Central Tax, dated the 3rd April, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.231(E), date ..... X X X X Extracts X X X X X X X X Extracts X X X X
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