| Sl. No. | Tax
Period
|
Class of Taxpayer
(1) small tax payer – aggregate turnover upto ₹ 5 crore (2) Large tax payer – aggregate turnover more than ₹ 5 crore, in the preceding financial year |
Reduced Rate of Interest
|
| 1. | March, April and May
2021
|
large taxpayer | For First 15 days From due Date -9%
After 15 days -18% |
| 2. | March, 2021
|
Small taxpayer- monthly return filer | First 15 days- nil
Next 45 days- 9% After 45 days -18% |
| April | Small taxpayer- monthly return filer | First 15 days- nil
Next 30 days- 9% After next 30 days -18% |
|
| Small taxpayer- monthly return filer | First 15 days- nil
Next 15 days- 9% After next 15 days -18% |
||
| May | |||
| 3 | March , April , may 2021month tax payment
|
Small taxpayer- opting QRMP | Same as small tax payer |
| 4 | Quarter ending March, 2021”. | Composition tax payer furnish the return as specified under sub-section (2) of section 39 | First 15 days- nil
Next 45 days- 9% After 45 days -18% |
