Page 31 - GSTL_2nd July 2020 _Vol 38_Part 1

2020 ] GST PITARA J5
Central Goods and Services Tax (Removal of Difficulties) Order, 2020.
— The C.B.I. & C. has issued Central Goods and Services Tax (Removal of Diffi-
culties) Order, 2020 to clarified that for the purpose of calculating the period of
thirty days for filing application for revocation of cancellation of registration for
those registered persons who were served notice under Section 29 and where
cancellation order was passed up to 12-6-2020, the later of the following dates
shall be considered :-
(a) Date of service of the said cancellation order; or
(b) 31st day of August, 2020. — C.B.I. & C. Order No. 1/2020-C.T., dated
25-6-2020. (See page S10)

Integrated Tax Notifications

Finance Act, 2020 - Section 134 of Finance Act, 2020 shall come into
force w.e.f. 30-6-2020. — The Central Government has appointed 30-6-2020, as
the date on which amendments to Section 25 of the Integrated Goods and Ser-
vices Tax Act, 2017 by Section 134 of the Finance Act, 2020, shall come into force
by which it has been provided that no Order for Removal of difficulties shall be
made after the expiry of a period of five years from the date of commencement of
the Integrated Goods and Services Tax Act, 2017. — Notification No. 4/2020-I.T.,
dated 24-6-2020. (See page S12)

Central Tax, Union Territory Tax
and Integrated Tax Notifications

Interest rates for tax periods from February, 2020 to July, 2020 reduced.
— The Central Government has amended Notifications No. 13/2017-C.T., No.
6/2017-I.T., both dated 28-6-2017 and No. 10/2017-U.T.T., dated 30-6-2017 to :
(i) reduce rate of interest per annum to ‘Nil’ for first 15 days from the
due date, and 9 per cent thereafter till 24-6-2020 in respect of tax pe-
riod February, 2020, March, 2020, April, 2020 for the Taxpayers hav-
ing an aggregate turnover of more than rupees 5 crores in the pre-
ceding financial year; and
(ii) reduce rate of interest per annum to ‘Nil’ till the specified date, and
9 per cent thereafter till 30-9-2020 for the Taxpayers whose principal
place of business is in specified States having an aggregate turnover
of up to ` 5 crores in the preceding financial year who are required
to furnish the returns in FORM GSTR-3B, but fail to furnish the
said return along with payment of tax. — Notification Nos. 51/2020-
C.T., 5/2020-I.T. and 2/2020-U.T.T., all dated 24-6-2020. (See page S4,
S12 & S14)

GST LAW TIMES  2nd July 2020  31