Statutory updates

02/2020-Union Territory Tax : Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.

04/2020-Integrated Tax : Seeks to bring into force Section 134 of Finance Act, 2020 in order to bring amendment to Section 25 of IGST Act w.e.f. 30.06.2020.

Reduced Interest Rates for Integrated Tax Returns

Official title: 05/2020-Integrated Tax : Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.

Clarification on COVID-19 relief measures for taxpayers regarding interest and late fee

Official title: 141/11/2020-GST : Clarification in respect of various measures announced by the Government for providing relief to the taxpayers in view of spread COVID-19

49/2020-Central Tax : Seeks to bring into force Sections 118, 125, 129 & 130 of Finance Act, 2020 in order to bring amendment to Sections 2, 109, 168 & 172 of CGST Act w.e.f. 30.06.2020.

50/2020-Central Tax : Seeks to make seventh amendment (2020) to CGST Rules.

Lower Interest Rates for FORM GSTR-3B Tax Periods February 2020 to July 2020

Official title: 51/2020-Central Tax : Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.

Late Fee Waiver and Reduction for FORM GSTR-3B Returns

Official title: 52/2020-Central Tax : Seeks to provide one time amnesty by lowering/waiving of late fees for non furnishing of FORM GSTR-3B from July, 2017 to January, 2020 and also seeks to provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to July, 2020.