CBIC issues notifications related to Central Tax under GST

Circular No. ES/397/2020-21                                                         5^th January, 2021

URGENT & IMPORTANT

To: Members of the Council

Sub: CBIC issues notifications related to Central Tax under GST

Dear Member,

We would like to inform you that the Central Board of Indirect Taxes and Customs (CBIC) has issued notifications relating to Central Tax under GST.

The details are given here-below:

CENTRAL TAX 

• ·         Notification No. 01/2021-Central Tax dated 01.01.2021

Makes amendment (2021) to CGST Rules, 2017

• ·         Notification No. 95/2020-Central Tax dated 30.12.2020

Extends the time limit for furnishing of the annual return specified under section 44 of CGST Act, 2017 for the financial year 2019-20 till 28.02.2021

• ·         Notification No. 94/2020-Central Tax dated 22.12.2020 (Corringendum)

Makes the Fourteenth amendment (2020) to the CGST Rules.2017

• ·         Notification No. 93/2020-Central Tax dated 22.12.2020

Waives late fee for FORM GSTR-4 filing in UT of Ladakh for Financial year 2019-20

• ·         Notification No. 92/2020-Central Tax dated 22.12.2020

Brings into force Sections 119,120,121,122,123,124,126,127 and 131 of Finance Act, 2020(12 of 2020)

Members may make a note of the above.

Thanking you,

Yours faithfully,

S.BALARAJU
EXECUTIVE DIRECTOR