CBIC further extends the time period to pass Order under Section 54(7) of CGST Act w.r.t. Refund of Tax under GST till 31.08.2020

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CBIC vide Notification No. 56/2020 – Central Tax dated June 27, 2020, makes further amendment in Notification No. 46/2020 – Central Tax, dated June 09, 2020 which states that where a notice has been issued for rejection of refund claim, in full or in part and where the time limit for issuance of an order in terms of the provisions of sub-section (5), read with sub-section (7) of section 54 of the said Act falls during the period from March 20, 2020, to August 30, 2020, in such cases the time limit for issuance of the said order shall be extended to fifteen days after the receipt of the reply to the notice from the registered person or August 31, 2020, whichever is later. The amendment in the aforesaid notification has been discussed hereunder:-

In the said notification, in the first paragraph,–

(i) for the words, figures and letters 29th day of June, 2020, the words, figures and letters 30th day of August, 2020 shall be substituted;

(ii) for the words, figures and letters 30th day of June, 2020, the words, figures and letters 31st day of August, 2020 shall be substituted.

The Notification can be accessed at: http://www.a2ztaxcorp.com/wp-content/uploads/2020/06/562020CT.pdf

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