Notification No. 03/2020–Central Tax dated 01st January, 2020

i. Seeks to amend the notification No. 62/2019-CT dt. 26.11.2019 to amend the transition plan for the UTs of J&K and Ladakh.

ii. Taxpayer has an option to transfer the input tax credit (ITC) from the registered GSTIN, till the 31st December, 2019 30th October, 2019 in the State of Jammu and Kashmir, to the new GSTIN in the Union territory of Jammu and Kashmir or in the Union territory of Ladakh from the 31st October 1st January, 2020

iii. The balance of State taxes in electronic credit ledger of the said class of persons, whose principal place of business lies in the Union territory of Ladakh from the 31st October, 2019 1st January, 2020, shall be transferred as balance of Union territory tax in the electronic credit ledger

Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs

Notification No. 03/2020–Central Tax

New Delhi, the 01st January, 2020

G.S.R. 5(E).—In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 62/2019–Central Tax, dated the 26th November, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vide number G.S.R. 879(E), dated the 26th November, 2019, namely:–

In the said notification,–

(i) in paragraph 2, in clause (iii), for the figures, letters and words “30th day of October, 2019” and “31st day of October”, the figures, letters and words “31st day of December, 2019” and “1st day of January, 2020” shall respectively be substituted;

(ii) in paragraph 3, for the figures, letters and words “31st day of October, 2019”, the figures, letters and words “1st day of January, 2020” shall be substituted.

[F. No. 20/06/07/2019 – GST (Pt. II)]

(Pramod Kumar)
Director, Government of India

Note: The principal notification No. 62/2019 –Central Tax, dated the 26th November, 2019 was published in the Gazette of India, Extraordinary vide number G.S.R. 879(E), dated the 26th November, 2019.

Notifications issued by CBIC on 01st January 2020 related to GST

Title Notification No. Date
CBIC amends transition plan for UTs of J&K and Ladakh Notification No. 03/2020–Central Tax 01/01/2020
CBIC prescribes schema for e-invoices under GST Notification No. 02/2020 – Central Tax 01/01/2020
CBIC notifies Sections of CGST Act 2017 Applicable from 01.01.2020 Notification No. 01/2020 – Central Tax 01/01/2020
Section 17A of IGST Act 2017 Applicable from 01st January, 2020 Notification No. 01/2020–Integrated Tax 01/01/2020
CBIC rescinds Circular No. 03/01/2018-IGST dated 25th May 2018 Circular No. 04/01/2019-IGST 01/02/2019

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