This Tax Alert summarizes recent notifications[1] issued by Central Board of Indirect Taxes and Customs (CBIC) to extend time limit for various compliances under Indirect tax laws.
The key changes are as follows:
- In cases where the time limit for completion or compliance of any action, including issuance of notice, intimation, notification, filing of appeal, reply, document, etc. (other than those specified in notification[2] dated 3 April 2020) under Goods and Services Tax (GST) law, falls between 20 March to 30 August 2020, it shall be extended till 31 August 2020.
- Where the time limit for issuance of refund order under GST (after considering reply in response to notice issued for non-admissibility of any part of refund) falls between 20 March 2020 to 30 August 2020, the same shall be extended to 15 days after the receipt of reply or 31 August 2020, whichever is later.
- The last date for completion of any proceeding or issuance of notice, notification, filing of appeal, furnishing of statements, etc. under Central Excise Act, 1944; Customs Act, 1962; Customs Tariff Act, 1975 and Chapter V of Finance Act, 1994 (Service Tax) falling between 20 March to 29 September 2020 shall be extended upto 30 September 2020.
Earlier, the extensions were granted till 30 June 2020.