NOTIFICATION NO-01/2020-Union Territory 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. 1/2020 – Union Territory Tax

New Delhi, the 8th April, 2020

G.S.R…..(E).—In exercise of the powers conferred by section 21 of the Union Territory Goodsand Services Tax Act, 2017 (14 of 2017), read with sub-section (1) of section 50 and section148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government,on the recommendations of the Council, hereby makes the following amendment in notification
of the Government of India in the Ministry of Finance (Department of Revenue), No. 10/2017– Union Territory Tax, dated the 30th June, 2017, published in the Gazette of India,Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 747(E), dated the 30thJune, 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 the Table 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:–


Leave a Reply

Your email address will not be published. Required fields are marked *