Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.

Last updated: 04 April 2020

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This notification introduces a conditional reduction in the interest rate for Goods and Services Tax (GST) payments. The reduced rate applies specifically to the tax periods of February 2020 to April 2020. This measure aims to provide financial relief to taxpayers during this period.

[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. 31/2020 – Central Tax

New Delhi, the 3rd April, 2020

G.S.R.....(E).—In exercise of the powers conferred by sub-section (1) of section 50 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with section 148 of the said Act, 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.13/2017 – Central Tax, dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 661(E), dated the 28th June, 2017, namely:– In the said notification, in the first paragraph, the following provisos shall be inserted, namely: –

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