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Insertion of section 168A in CGST Act by bill presented in Lok Sabha in 18 Sep 2020.

The Taxation And Other Laws (Relaxation and Amendment of certain Provisions) Act, 2020.

Power of Government to extend time limit in special circumstances.

168A.

(1) Notwithstanding anything contained in this Act, the Government may, on the recommendations of the Council, by notification, extend the time limit specified in, or prescribed or notified under, this Act in respect of actions which cannot be completed of complied with due to force majeure.

(2) The power to issue notification under sub-section (1) shall include the power to give retrospective effect to such notification from a date not earlier than the date of commencement of this Act.

Explanation.— For the purposes of this section, the expression "force majeure" means a case of war, epidemic, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature or otherwise affecting the implementation of any of the provisions of this Act.

Finance Minister during debate, said the ordinance was necessary to defer various compliance deadlines under GST and Income Tax Act during the COVID-19 times.

This section empower government to issue notification for extension of time limit in respect of actions which cannot be completed due to force majeure such as war, epidemic, flood, draught, fire, cyclone, earthquake etc.

Sub-section (2) empower govenment to give retrospective effect to such notifications from a date not earlier than the date of commencement of this amendment Act which is 31st March 2020.


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Author:

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Sep 19, 2020


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