Govt announces various relief measures for taxpayers under GST law

In view of the corona pandemic, the government has announced various relief measures for taxpayers under GST law including reduction in interest rate and waiving of late fee. The Finance Ministry has issued notification in this regard. In the notification, the Ministry has said that a lower rate of interest of 9 per cent for the first 15 days from the due date of payment of tax and 18 per cent thereafter, for the tax payable for tax period of March and April 2021 has been notified for registered...