Notification & Circulars

Seeks to extend due date for furnishing FORM GSTR-3B for supply made in the month of August, 2020 for taxpayers with annual turnover up to Rs. 5 crore

Notification No#54/2020-Central Tax 24 June 2020

Ministry of Finance (Department Of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 54/2020-Central Tax New Delhi, the 24th June, 2020 G.S.R. 407(E). - In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 201..

Posted in GST

Payment of GST by real estate promoter/developer supplying construction of residential apartment etc, on the shortfall value of inward supplies from registered supplier at the end of the financial yea

Notification No#Instruction No. 3/2/2020- GST 24 June 2020

Instruction No. 3/2/2020- GST F. No. 354/32/2019-TRU Government of India Ministry of Finance Department of Revenue (Tax research Unit) Room No. 146G, North Block, New Delhi, Dated: 24th June, 2020 To The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissi..

Posted in GST

Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020

Notification No#05/2020 –Integrated Tax 24 June 2020

Ministry of Finance (Department Of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 05/2020 –Integrated Tax New Delhi, the 24th June, 2020 G.S.R. 410(E). - In exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 201..

Posted in GST

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

Notification No#04/2020 –Integrated Tax 24 June 2020

Ministry of Finance (Department Of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 04/2020 –Integrated Tax New Delhi, the 24th June, 2020 G.S.R. 409(E). - In exercise of the powers conferred by sub-section (2) of section 1 of the Finance Act, 2020 (12 of..

Posted in GST

Loans Sourced by Banks and NBFCs over Digital Lending Platforms: Adherence to Fair Practices Code and Outsourcing Guidelines

Notification No#RBI/2019-20/258 24 June 2020

RBI/2019-20/258 DOR(NBFC)(PD)CC.No.112/03.10.001/2019-20 June 24, 2020 All Scheduled Commercial Banks (excluding RRBs) All Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Dear Sir, Loans Sourced by Banks and NBFCs over Digital Lending Platforms: Adherence t..

Posted in Others

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. 30.06.2017

Notification No#49/2020-Central Tax 24 June 2020

Ministry of Finance (Department Of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 49/2020-Central Tax New Delhi, the 24th June, 2020 G.S.R. 402(E). - In exercise of the powers conferred by sub-section (2) of section 1 of the Finance Act, 2020 (12 of 2020..

Posted in GST

Central Goods and Services Tax (Seventh Amendment) Rules, 2020

Notification No#50/2020-Central Tax 24 June 2020

Ministry of Finance (Department Of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 50/2020-Central Tax New Delhi, the 24th June, 2020 G.S.R. 403(E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of..

Posted in GST

Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020

Notification No#51/2020-Central Tax 24 June 2020

Ministry of Finance (Department Of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 51/2020-Central Tax New Delhi, the 24th June, 2020 G.S.R. 404(E). - In exercise of the powers conferred by sub-section (1) of section 50 of the Central Goods and Services Tax Ac..

Posted in GST

Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020

Notification No#02/2020–Union Territory Tax 24 June 2020

Ministry of Finance (Department Of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 02/2020–Union Territory Tax New Delhi, the 24th June, 2020 G.S.R. 408(E). - In exercise of the powers conferred by section 21 of the Union Territory Goods and Services Tax..

Posted in GST

Notification No. 33/2020 [F.No.300196/39/2018-ITA-I] / SO 2014(E)

Notification No#33/2020 23 June 2020

MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 23rd June, 2020 S.O. 2014(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notif..

Posted in Income Tax