CBIC provides relief by lowering interest rate for period February 2020 to July 2020

Month

Category of Taxpayers

Taxpayers with aggregate turnover more than Rs. 5 crores during preceding FY

Taxpayers with aggregate turnover up to Rs. 5 crores during the preceding F.Y. whose principal place of business is in the states of:

Chhatisgarh, MP, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamilnadu, Telangana, Andhra Pradesh, Daman & Diu, Dadra & Nagar haveli, Puducherry, Andaman & Nicobar and Lakshadweep

Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, All North Eastern states including Assam, West Bengal, Jharkhand, Odisha, J&K, Ladakh, Chandigarh, Delhi

Feb. 2020

Nil for first 15 days from due date and 9% thereafter till 24^th June 2020

Nil Interest till 30^th June 2020, and 9% thereafter till 30^th September 2020

Nil Interest till 30^th June 2020, and 9% thereafter till 30^th September 2020

Mar. 2020

Nil for first 15 days from due date and 9% thereafter till 24^th June 2020

Nil Interest till 3^rd July 2020 and 9% thereafter till 30^th September 2020

Nil Interest till 5^th July 2020 and 9% thereafter till 30^th September 2020

Apr. 2020

Nil for first 15 days from due date and 9% thereafter till 24^th June 2020

Nil Interest till 6^th July 2020 and 9% thereafter till 30^th September 2020

Nil Interest till 9^th July 2020 and 9% thereafter till 30^th September 2020

May 2020

Nil Interest till 12^th Sep. 2020 and 9% thereafter till 30^th September 2020

Nil Interest till 15^th Sep. 2020 and 9% thereafter till 30^th September 2020

Jun 2020

Nil Interest till 23^rd September 2020 and 9% thereafter till 30^th September 2020

Nil Interest till 25^th September 2020 and 9% thereafter till 30^th September 2020

Jul 2020

Nil Interest till 27^th September 2020 and 9% thereafter till 30^th September 2020

Nil Interest till 29^th September 2020 and 9% thereafter till 30^th September 2020