UTGST Notification 02/2021
Title | Seeks to provide relief by lowering of interest rate for a specified time for tax periods March, 2021 to May, 2021. |
Number | 02/2021 |
Date | 01-06-2021 |
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In exercise of the powers conferred by section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 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 of Finance (Department of Revenue), No. 10/2017 – Union Territory Tax, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 747(E), dated the 30th June, 2017, namely: —
In the said notification, in the first paragraph, in the first proviso,-
- for the words, letters and figure “required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax”, the words “liable to pay tax but fail to do so” shall be substituted;
- in the Table, in column 4, in the heading, for the words “Tax period”, the words “Month/Quarter” shall be substituted;
- in the Table, for serial number 4, 5, 6 and 7, the following shall be substituted, 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 and May, 2021 |
5. | Taxpayers having an aggregate
turnover of up to rupees 5 crores in the preceding financial year | Nil for the first 15
days from the due date, 9 per cent for | March, 2021 |
who are liable to furnish the return as specified under sub- section (1) of section 39 | the next 45 days, and
18 per cent thereafter | ||
Nil for the first 15 days from the due date, 9 per cent for the next 30 days, and
18 per cent thereafter | April, 2021 | ||
Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and
18 per cent thereafter | May, 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 45 days, and
18 per cent thereafter | March, 2021 |
Nil for the first 15 days from the due date, 9 per cent for the next 30 days, and
18 per cent thereafter | April, 2021 | ||
Nil for the first 15 days from the due date, 9 per cent for the next 15 days, and
18 per cent thereafter | May, 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 45 days, and
18 per cent thereafter | Quarter ending March, 2021”. |
- This notification shall be deemed to have come into force with effect from the 18th day of May, 2021.