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CBIC notifies relief to businesses on tax credits, e-way bills

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NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) late on Friday notified major relief to businesses by offering flexibility in claiming tax rebates and extending the validity of electronic permits for movement of goods.

The idea is to help businesses meet the challenges of cashflow and disruption in operations caused by the covid-19 pandemic.

In a notification issued on the advice of federal indirect tax body, the Goods and Services Tax (GST) Council, CBIC said the restriction on businesses availing of tax credits where suppliers have not furnished details of invoice or credit notes, will apply only cumulatively for the period of February to August 2020.

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United States
United States
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India
India
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Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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