Amendment notification under Sub-section (1) of Section 50 of the Odisha Goods and Services Tax Act, 2017 (Notification dated -21.06.2021) – Govt. of Odisha

• 24th, June 2021
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Amendment notification under Sub-section (1) of Section 50 of the Odisha Goods and Services Tax Act, 2017 (Notification dated -21.06.2021) – Govt. of Odisha

• Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year – 9 percent for the first 15days from the due date and 18 percent thereafter – March, 2021, April 2021 and May, 2021.
• Tax payers having an aggregate turnover of up to rupees 5 crores in the preceding financial year who are liable to furnish the returns as specified under sub-section(1) of section 39 – Nil for the first 15 days from the due date, 9 percent for the next 45 days, and 18 percent thereafter – March, 2021 Nil for the first 15 days from the due date, 9 percent for the next 30 days, and 18 percent thereafter – April, 2021, Nil for the first 15 days from the due date, 9 percent for the next 15 days, and 18 percent thereafter- May, 2021.
• Tax payers 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 percent for the next 45 days, and 18 percent thereafter- March, 2021,Nil for the first 15 days from the due date, 9 percent for the next 30 days , and 18 percent thereafter – April, 2021, Nil for the first 15 days from the due date, 9 percent for the next 15 days, and 18 percent thereafter – May, 2021.
• 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 percent for the next 45 days, and 18 percent thereafter – Quarter ending March, 2021.
• This notification has come into effect from 18.06.2021.