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 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

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

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

Companies (Appointment and Qualification of Directors) 3rd Amendment Rules 2020

 Notification No#F. No. 8/4/2018-CL-I- Part I     23 June 2020

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 23rd June, 2020 G.S.R. 396(E). In exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appo..

Posted in Corporate Law

Companies (Meetings of board and its powers) 2nd Amdt Rules 2020

 Notification No#F. No. 1/32/2013-CL-V-Part     23 June 2020

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 23rd June, 2020 G.S.R. 395(E). In exercise of the powers conferred by sections 173, 177, 178 and section 186 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further t..

Posted in Corporate Law