In exercise of the powers conferred by sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of the Kerala Goods and Services Tax Ordinance, 2017 (11 of 2017), the Government of Kerala, on the recommendations of the Council, hereby fixes the rate of interest per annum, for the purposes of the said sections as specified in column (2) of the Table below, as mentioned in the corresponding entry in column (3) of the said Table.
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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 mentioned in the corresponding entry in column (4) of the said Table by the due date, but furnish the said return according to the condition mentioned in the corresponding entry in column (5) of the said Table, namely:-
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This notification shall come into force with effect from the 1st day of July 2017.
By order of Governor,
MINHAJ ALAM
Secretary to Government
Explanatory Note
(This does not form part of the notification, but is intended to indicate its general purport.)
The Government of Kerala, on the recommendations of the Goods and Services Tax Council, has decided to fix the rate of interest per annum, for the purpose of sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section of the Kerala Goods and Service Tax Ordinance, 2017. (11 of 2017).
The notification is intended to achieve the above object.