Seeks to extend 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.

CBDT notifies vide Notification no. 95/2020 dated 30th December, 2020 extends the time limit for furnishing of the annual return specified under section 44 of the said Act read with rule 80 of the said rules, electronically through the common portal, for the financial year 2019-20 till 28.02.2021.

Seeks to make the Fourteenth amendment (2020) to the CGST Rules.2017.

CBIC notifies vide Notification no. 94/2020 dated 22nd January, 2020 the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. In the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), in rule 8, for sub-rule (4A), with effect from a date to be notified, the following sub-rule shall be substituted

Seeks to waive late fee for FORM GSTR-4 filing in UT of Ladakh for Financial year 2019-20.

CBIC notifies vide Notification no. 93/2020 dated 22nd December, 2020 makes the following further amendments in the notification of the Government of India, the late fee payable for delay in furnishing of FORM GSTR-4 for the Financial Year 2019-20 under section 47 of the said Act, from the 1st day of November, 2020 till the 31st day of December, 2020 shall stand waived for the registered person whose principal place of business is in the Union Territory of Ladakh

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

CBIC vide Notification no. 92/2020 dated 22nd December, 2020 the Central Government hereby appoints the 1st day of January, 2021, as the date on which the provisions of sections 119, 120, 121, 122, 123, 124, 126, 127 and 131 of the said Act shall come into force.

Seeks to extend the due dates for compliances and actions in respect of anti-profiteering measures under GST till 31.03.2021.

CBIC vide Notification no. 91/2020 dated 14th December, 2020. In the said notification, in the first paragraph, in the proviso to clause (i) for the words, figures and letters “29th day of November, 2020”, the words, figures and letters “30th day of March, 2021” shall be substituted and for the words, figures and letters “30th day of November, 2020”, the words, figures and letters “31st day of March, 2021” shall be substituted. This notification shall be deemed to have come into force with effect from 1st day of December, 2020.

Seeks to make amendment to Notification no. 12/2017- Central Tax dated 28.06.2017.

CBIC vide Notification no. 90/2020 dated 01st December, 2020. In the said notification, after the first proviso, the following proviso shall be inserted which states for class of supply as specified in column (2) and whose HSN Code as specified in column (3) of the Table below, a registered person shall mention eight number of digits of HSN Codes in a tax invoice issued by him under the said rule.

Seeks to waive penalty payable for noncompliance of the provisions of notification No.14/2020 – Central Tax, dated the 21st March, 2020.

CBIC vide Notification no. 89/2020 dated 29th November, 2020 waives the amount of penalty payable by any registered person under section 125 of the said Act for non- compliance of the provisions of notification No.14/2020 between the period from the 01st day of December, 2020 to the 31st day of March, 2021, subject to the condition that the said person complies with the provisions of the said notification from the 01st day of April, 2021.

Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 100 Cr from 01st January 2021.

CBIC vide Notification no. 88/2020 dated 10th November, 2020. In the said notification, in the first paragraph, with effect from the 1st day of January, 2021, for the words “five hundred crore rupees”, the words “one hundred crore rupees” shall be substituted.

Seeks to extend the due date for furnishing of FORM ITC-04 for the period July- September 2020 till 30th November, 2020.

CBIC vide Notification no. 87/2020 dated 10th November, 2020 extends the time limit for furnishing the declaration in FORM GST ITC-04, in respect of goods dispatched to a job worker or received from a job worker, during the period from July, 2020 to September, 2020 till the 30th day of November, 2020. This notification shall be deemed to have come into force with effect from the 25th day of October, 2020.

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

CBIC notifies vide Notification no. 86/2020 dated 10th November, 2020 and 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.

Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.

CBIC notifies vide Notification no. 05/2020 dated 24th June, 2020. In the said notification, in the first paragraph, for the first proviso, the following proviso shall be substituted. Provided that the rate of interest per annum shall be as specified in column (3) of the Table given below for the period mentioned therein, for the class of registered persons mentioned in the corresponding entry in column (2) of the said Table, who are required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax for the months mentioned in the corresponding entry in column (4) of the said Table by the due date

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.

CBIC notifies vide Notification no. 04/2020 dated 24th June, 2020 that the Central Government hereby appoints the 30th day of June, 2020, as the date on which the provisions of the said Act, shall come into force.

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

CBIC notifies vide Notification no. 03/2020 dated 08th April, 2020. In the said notification, in the first paragraph, the following provisos shall be inserted which prescribes Provided that, the rate of interest per annum shall be as specified in column (3) of the Table given below, for the class of registered persons, mentioned in the corresponding entry in column (2) of the said Table, who are required to furnish the returns in FORM GSTR-3B, but fail to furnish the said return along with payment of tax for the months mentioned in the corresponding entry in column (4) of the said Table by the due date, but furnish the said return according to the condition mentioned in the corresponding entry in column (5) of the said Table.

Seeks to amend Notification No. 4/2019-Integrated Tax dt. 30.09.2019 to change the place of supply for B2B MRO services to the location of the recipient.

Seeks to amend Notification No. 4/2019-Integrated Tax dt. 30.09.2019 to change the place of supply for B2B MRO services to the location of the recipient. CBIC notifies vide Notification no. 02/2020 dated 08th April, 2020. In the said notification, in Table A, after serial number (1) and the entries relating thereto, the mentioned serial number and entry shall be inserted.

Seeks to bring into force certain provisions of the Finance (No. 2) Act, 2019 to amend the IGST Act, 2017

CBIC notifies vide Notification no. 01/2020 dated 01st Januray, 2020 that the Central Government hereby appoints the 1st day of January, 2020, as the date on which the provisions of section 114 of the Finance (No. 2) Act, 2019 (23 of 2019) shall come into force

Seeks to notify the place of supply of R&D services related to pharmaceutical sector as per Section 13(13) of IGST Act

Seeks to notify the place of supply of R&D services related to pharmaceutical sector as per Section 13(13) of IGST Act, as recommended by GST Council in its 37th meeting held on 20.09.2019. CBIC notifies vide Notification no. 04/2019 dated 30th September, 2019 that the Central Government, on being satisfied that it is necessary in order to prevent double taxation or non-taxation of the supply of a service, or for the uniform application of rules, on the recommendations of the Council, hereby notifies description of services or circumstances as specified in Column (2) of the Table A, in which the place of supply shall be the place of effective use and enjoyment of a service as specified in the corresponding entry in Column (3)

Seeks to amend notification No. 10/2017-Integrated Tax dated 13.10.2017 in view of bringing into effect the amendments

CBIC notifies vide Notification no. 03/2019 dated 29th January, 2019. In the said notification, in the proviso, for the words, brackets, letters and figures “sub-clause (g) of clause (4) of article 279A of the Constitution, other than the State of Jammu and Kashmir”, words, brackets and figures “the first proviso to sub-section (1) of section 22 of the said Act, read with clause (iii) of the Explanation to the said section” shall be substituted.

Seeks to amend notification No. 7/2017-Integrated Tax dated 14.09.2017 to align with the amended Annexure to Rule 138(14) of the CGST Rules, 2017.

CBIC notifies vide Notification no. 02/2019 dated 29th January, 2019 In the said notification, in the proviso, in clause (b), for the figures, “151”, the figure “5” shall be substituted. This notification shall come into force with effect from the 1st day of February, 2019.

Seeks to bring into force the IGST (Amendment) Act, 2018

CBIC notifies vide Notification no. 01/2019 dated 29th January, 2019 that the Central Government hereby appoints the 1st day of February, 2019 as the date on which the provisions of the Integrated Goods and Services Tax (Amendment) Act, 2018 (32 of 2018) shall come into force.

Seeks to amend the IGST Rules, 2017 so as to notify the rules for determination of place of supply in case of inter-State supply

CBIC notifies vide Notification no. 04/2018 dated 31st December, 2018 the following rules to further amend the Integrated Goods and Services Tax Rules, 2017

Govt notifies extend due dates of Tax Audit/ITR/VSV Scheme

CBIC vide Notification no. 93/2020 dated 31st December, 2020, the Central Government hereby specifies, for the completion or compliance of action referred to in clause (a) of sub-section (1) of section 3 of the Act. This notification shall come into force from the date of its publication in the Official Gazette

Vivad Se Vishwas Scheme extended till 31/01/2021 (Notification)

CBIC notifies vide Notification no. 92/2020 dated 31st December, 2020. In the said notification, in clause (a), for the words, figures and letters “the 31st day of December, 2020”, the words, figures and letters “the 31st day of January, 2021” shall be substituted.

Section 10(46) exemption to Yamuna Expressway Industrial Development Authority

CBIC notifies vide Notification no. 91/2020 dated 24th December, 2020 ‘Yamuna Expressway Industrial Development Authority’ an authority constituted by the State Government of Uttar Pradesh, in respect of the following specified income arising to that Authority.This notification shall be effective subject to the following conditions

Notification No. 90/2020-Income Tax, Dated: 15.12.2020

CBIC notifies vide Notification no. 90/2020 dated 15th December, 2020 Secretary, Citizen Resources Information Department, Government of Haryana, for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying the eligible beneficiaries for transfer of financial assistance through Direct Benefit Transfer Scheme.

CBDT notifies ‘MIC Redwood 1 RSC Limited’ U/s. 10(23FE)(b)(vi)

CBIC notifies vide Notification no. 89/2020 dated 02nd November, 2020 the sovereign wealth fund as the specified person for the purposes of the said clause in respect of the investment made by it in India on or after the date of publication of this notification in the Official Gazette but on or before the 31st day of March, 2024 subject to the fulfilment of the following conditions

CBDT notifies extended Due dates of Return & Tax Audit Report for A.Y.2020-21

CBIC vide Notification no. 88/2020 dated 29th October, 2020 the Central Government hereby specifies, for the purpose of the said sub-section (1) that in a case where the specified Act is the Income-tax Act, 1961 and the compliance for the assessment year commencing on the 1st day of April, 2020. This notification shall come into force from the date of its publication in the Official Gazette

CBDT notifies Equalisation levy (Amendment) Rules, 2020 & Forms

CBIC vide Notification no. 87/2020 dated 28th October, 2020 notifies the Equalisation levy (Amendment) Rules,2020. In the Equalisation levy Rules, 2016 (hereinafter referred to as the said rules), in rule 2, after clause (a), the following clause shall be inserted. In the said rules, in rule 3 and In the said rules, for rules 4 and 5, the following shall be substituted

CBDT designates Court U/s. 280A of Income-tax Act, 1961

CBIC vide Notification no. 86/2020 dated 28th October, 2020 hereby designates the Court of Munsiff No. 3-cum-Judicial Magistrate, 1st Class, Kamrup (M), Guwahati as the Special Court for the States of Assam, Nagaland, Mizoram and Arunachal Pradesh for the purposes of the said sub-section.

Govt. extends cut-off/payment date date under Vivad se Vishwas

CBIC notifies vide Notification no. 85/2020 dated 27th October, 2020 the extension of date under Vivad se Vishwas.This notification shall come into force from the date of its publication in the Official Gazette.

CBDT amends Rule 67- Investment of fund moneys by Recognised Provident Funds

CBIC notifies vide Notification no. 84/2020 dated 22nd October, 2020 the Income-tax (23rd Amendment) Rules, 2020.They shall come into force from the 1st day of April, 2021.