The Central Board of Indirect Taxes and Customs (CBIC) on Friday issued the Corrigendum for the amended GST rates under GST Scheme and Waiver of late fee for delay in filing GSTR-1– March to June 2020 which was notified by the Notification No. 50/2020-Central Tax Dated June 24, 2020, and Notification No. 53/2020-Central Tax Dated 24th June 2020 respectively.
“In the notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 50/2020-Central Tax, dated the 24th June 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 403(E), dated the 24th June 2020, at page 3, in line 40, for the words “turnover of taxable”, read “turnover of”,” the notification said.
“In the notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 53/2020-Central Tax, dated the 24th June 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 406(E), dated the 24th June 2020, at page 12, in line 17, for the words “third proviso”, read “fourth proviso”, the notification clarified.
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