Notification under sub-section (1) of section 50 of Madhya Pradesh Goods and Services Tax, 2017 (Notification dated – 10.06.2021) – Govt. of Madhya Pradesh

• 17th, June 2021
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Notification under sub-section (1) of section 50 of Madhya Pradesh Goods and Services Tax, 2017 (Notification dated – 10.06.2021) – Govt. of Madhya Pradesh

• In the first proviso, in the table after s.no. 2, the following shall be inserted,
• Tax payers having and aggregate turnover of more than rupees 5 crores in the preceding financial year – 9 percent of the first 15 days from the due date and 18 percent thereafter – March, 2021, April, 2021.
• • Tax payer having an aggregate turnover of up to 5 crores in the preceding financial year who are liable to furnish the return as specified under subsection (1) of section39 – Nil for the 15 day from the due date, 9 percent for the next 15 days, and 18 percent thereafter – March, 2021, April, 2021.

   

  • Tax payer having an aggregate turnover of up to 5 crores in the preceding financial year who are liable to furnish the return as specified under proviso to subsection (1) of 39 – Nil for the 15 days from the due date, 9 percent for the next 15 days, and 18 percent thereafter – March, 2021, April, 2021.
  • Tax payer who are liable to furnish the return as specified under subsection (2) of section 39 – Nil for the first 15 days from the due date, 9 percent for the due date, 9 percent for the next 15 days and 18 percent thereafter – Quarter ending March 2021.
  • This notification has come into effect from 18.04.2021.