NOTIFICATION NO- 03/2020-Integrated Tax,dt. 08-04-2020 Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i)]

Government of India
Ministry of Finance
(Department of Revenue)

Central Board of Indirect Taxes and Customs

Notification No. 3/2020 – Integrated Tax

New Delhi, the 8th April, 2020

G.S.R…..(E).—In exercise of the powers conferred by section 20 of the Integrated Goods andServices Tax Act, 2017 (13 of 2017), read with sub-section (1) of section 50 and section 148of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on therecommendations of the Council, hereby makes the following amendment in notification of the
Government of India in the Ministry of Finance (Department of Revenue), No. 6/2017 –Integrated Tax, dated the 28th June, 2017, published in the Gazette of India, Extraordinary, PartII, Section 3, Sub-section (i) vide number G.S.R. 698(E), dated the 28th June, 2017, namely:–In the said notification, in the first paragraph, the following provisos shall be inserted, namely:

“Provided that, the rate of interest per annum shall be as specified in column (3) of theTable given below, for the class of registered persons, mentioned in the corresponding entry incolumn (2) of the said Table, who are required to furnish the returns in FORM GSTR-3B, butfail to furnish the said return along with payment of tax for the months mentioned in thecorresponding 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 saidTable, namely:–

MORE….https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-3-2020-igst-english.pdf

 

 

 

 

 

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