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CBIC issues Circular No.141/11/2020-GST dated 24th June, 2020 clarifying various issues relating to the measures announced by the Government providing relief to the taxpayers as recommended in its 40th meeting of the GST Council held on 12th June, 2020

2 Jul    Indirect Taxation
Jul 2

CBIC issues Circular No.141/11/2020-GST dated 24th June, 2020 clarifying various issues relating to the measures announced by the Government providing relief to the taxpayers as recommended in its 40th meeting of the GST Council held on 12th June, 2020

CBIC  after providing further relief to the taxpayers by issuing Notification No.51/2020, 52/2020, 53/2020 Central Tax, dated 24.06.2020 clarifies various issues such as Manner of calculation of interest for taxpayers having aggregate turnover above Rs. 5 Crores, Manner of calculation of interest for taxpayers having aggregate turnover below Rs. 5 Crores, Manner of calculation of late fee.