Fixes the rate of interest per annum
10/2017 Dated:- 30-6-2017 Union Territory GST (UTGST)
GST
UTGST
UTGST
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION No. 10/2017 – Union Territory Tax
New Delhi, the 30th June, 2017
G.S.R. 747(E).-In pursuance of section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), read with sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of Goods and Services Tax Council, hereby fixes the rate of interest per annum for the purposes of the sections as specified in column (2) of the Table below as mentioned in the corresponding entry in column (3) of the said Table, namely:-
TABLE
Sl. No.
Section
Rate of interest
(1)
(2)
(3)
1.
Section 21 of the Union Territory Goods and Services Tax Act, 2017 read with subsection (1) of section 50 of the Central Goods and Servi
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for the months mentioned in the corresponding entry in column (4) of the said Table by the due date, namely:
Table
S. No.
(1)
Class of registered persons
(2)
Rate of interest
(3)
5[Month/Quarter]
(4)
1.
Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year
Nil for first 15 days from the due date, and 9 per cent thereafter till 24th day of June, 2020
February, 2020, March 2020, April, 2020
2.
Taxpayers having an aggregate turnover of up to rupees 5 crores in the preceding financial year, whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep
Nil till the 30th day of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020
February, 2020
Nil till the 3rd day of July
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y of June, 2020, and 9 per cent thereafter till the 30th day of September, 2020
February, 2020
Nil till the 5th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020
March, 2020
Nil till the 9th day of July, 2020, and 9 per cent thereafter till the 30th day of September, 2020
April, 2020
Nil till the 15th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020
May, 2020
Nil till the 25th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020
June, 2020
Nil till the 29th day of September, 2020, and 9 per cent thereafter till the 30th day of September, 2020
July, 2020.]
6[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 fina
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eafter
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]
2. This notification shall come into force with effect from the 1st day of July, 2017.
[F. No. S-31011/25/2017-ST-I-DOR]
S. R. MEENA, Under Secy.
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NOTES:-
1. Inserted vide NOTIFICATION No. 1/2020 – Union Territory Tax dated 08-04-2020 w.e.f. 20-03-2020
2. Substituted vide Notification No. 02/2020 – Union Territory Tax dated 24-06-2020 before it was read as
"1[Provided that, the rate of interest per annum shall be as specified in column (3) of the Table given below, for the class of registered persons, mentioned in the corresponding entry in column (2) of the said Table, who are required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax for the months m
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s having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year
Nil
February, 2020
If return in FORM GSTR-3B is furnished on or before the 30th day of June, 2020
March, 2020
If return in FORM GSTR-3B is furnished on or before the 3rd day of July, 2020
April, 2020
If return in FORM GSTR-3B is furnished on or before the 6th day of July, 2020.]"
3. Inserted vide NOTIFICATION No. 01/2021 – Union Territory Tax dated 01-05-2021 w.e.f. 18-04-2021
4. Substituted vide NOTIFICATION NO. 02/2021 – Union Territory Tax dated 01-06-2021 w.e.f. 18-05-2021 before it was read as
"required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax"
5. Substituted vide NOTIFICATION NO. 02/2021 – Union Territory Tax dated 01-06-2021 w.e.f. 18-05-2021 before it was read as "Tax period"
6. Substituted vide NOTIFICATION NO. 02/2021 – Union Territory Tax dated 01-06-2021 w.e.f. 18-05-2021 before it w
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