Circular No.ES/37/2020-21 9th April, 2020
To: Members of the Council
Sub: CBIC provides relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020.
CBIC has issued Notification No.3/2020 – Integrated Tax dated 8th April, 2020 and Notification No. 1/2020- Union Territory Tax dated 8th April, 2020 providing relief by conditionally lowering the interest rate for tax periods of February, 2020 to April, 2020.
This notification shall come into force with effect from 20th March, 2020.
Members may kindly make a note of the above details.