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

Last updated: 08 April 2020

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This notification introduces a conditional reduction in the interest rate for Integrated Goods and Services Tax (IGST). The relief applies specifically to tax periods from February 2020 to April 2020. This measure aims to provide financial assistance to taxpayers during a challenging economic 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. 3/2020 – Integrated Tax

New Delhi, the 8 th April, 2020

G.S.R.....(E).—In exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-section (1) of section 50 and section 148 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. 6/2017 – Integrated 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. 698(E), dated the 28th June, 2017, namely:–

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FAQ :

The purpose is to provide relief by conditionally lowering the interest rate for IGST for specific tax periods.

The reduction applies to the tax periods of February 2020 to April 2020.

This notification is issued by the Central Government, through the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs.

The amendment is made in exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 2017, read with sub-section (1) of section 50 and section 148 of the Central Goods and Services Tax Act, 2017, on the recommendations of the Council.

This notification amends notification No. 6/2017 – Integrated Tax, dated the 28th June, 2017.