Seeks to rescind Notification 76/2020-Central tax dated 15.08.2020

Last updated: 19 November 2020

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The Central Government has decided to cancel Central Tax Notification 76/2020, which was originally issued on 15th October 2020. This decision was made by the Central Board of Indirect Taxes and Customs, exercising powers granted under the Central Goods and Services Tax Act. The rescission is effective immediately, except for actions already taken or missed before this date.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

Notification No. 86/2020–Central Tax

New Delhi, the 10th November, 2020

G.S.R.....(E).—In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017, the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations on the Council, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 76/2020-Central Tax, dated the 15th October, 2020, published in the Gazette of India, Extraordinary, vide number G.S.R. 636(E), dated the 15th October, 2020, except as respects things done or omitted to be done before such rescission.

[F. No. CBEC-20/06/04/2020-GST]

PRAMOD KUMAR, Director

FAQ :

Central Tax Notification No. 76/2020, dated 15th October 2020, is being rescinded.

The Central Government, through the Ministry of Finance (Department of Revenue) and the Central Board of Indirect Taxes and Customs, issued the rescission notice.

The rescission is effective from 10th November 2020, the date of the new notification.

Yes, the rescission does not apply to things that were done or omitted to be done before the date of rescission.

The rescission was made in exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017, read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017.