Notification under sub-section (1) of section 50 of Madhya Pradesh Goods and Services Tax Act, 2017 (Notification dated – 08.07.2021) – Govt. of Madhya Pradesh
View PdfNotification under sub-section (1) of section 50 of Madhya Pradesh Goods and Services Tax Act, 2017 (Notification dated – 08.07.2021) – Govt. of Madhya Pradesh
- In the first paragraph, in the firs proviso,
- The words “liable to pay tax but fail to do so” shall be substituted.
- In table in following changes are made:
- “Tax payers having an aggregate turnover of more than rupees 5 crores in the preceding financial year – 9 percent for the first 15 days from the due date and 18 percent thereafter – March, 2021, April, 221 and May 2021.
- Tax payers having and aggregate turnover of up to rupees 5 crores in the preceding financial year who are liable to furnish the return as specified under sub-section (1) of section 39 – Nil for 15 days from the due date, 9 percent for the next 45days, 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, 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 there 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 next 45 days and 18 percent thereafter- March, 2021, Nil for first 15 days from the due date, 9 percent for the next 30days, and 18 percent thereafter – April, 2021, Nil for the first 15 days from the due date, 9 percent for the next 15days, and 18 percent thereafter – May, 2021.
- Tax payers 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 shall be deemed to have come into force with effect from 18th day of May, 2021