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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 ..... (E).- In exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-section (1) of section 50 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby makes the following further amendment in notification of the Government of India in the Ministry o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the said 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 Nil for first 15 days from the due date, and 9 per cent thereafter till 24th day of June, 2020 February, 2020, March 2020, April, 2020 2. Taxpayers havi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0th day of September, 2020 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 27th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020 July, 2020 3. Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year, whose principal place of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 020, and 9 per cent thereafter till the 30th day of September, 2020 June, 2020 Nil till the 29th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020 July, 2020.". [F. No. CBEC-20/06/09/2019-GST] (Pramod Kumar) Director, Government of India Note: The principal notification number 06/2017 - Integrated Tax, dated the 28th June, 2017, published in the Gazette ..... X X X X Extracts X X X X X X X X Extracts X X X X
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