Notifications, Circulars, etc.
• CBIC further amends the rate Notification to amend the GST Rate of Woven and Non-Woven Bags from 12% to 18%
• DGFT Extends the validity of Pre-shipment Inspection Agencies till March 2020
• Exemption from GST on Upfront Amt Payable on Long Term Lease
• CBIC Issues Clarification Pertaining to RCM on Renting of Motor Vehicles
• CBIC notifies certain sections in the Finance (No.2) Act, 2019 pertaining to CGST & IGST Act, effective from January 1st, 2020
• CBIC notifies certain amendments in the CGST Rules, 2017
Important Updates
• New Offline Tool of GSTR-9C (Version 1.6) is available on GSTN Portal
• GSTN has issued FAQs on Rollout of E-Invoicing concept, Flow etc.
• New GSTIN reallocated to taxpayers of Union Territory of Ladakh
• Latest beta version of New GST Return offline Tool (v0.5) is available on GSTN Portal
• GSTN has issued FAQs on Rollout of E-Invoicing under GST
• CBIC has Issued Updated SVLDRS FAQs
• Compliance Calendar for the month of January 2020
Videos of the Week
• SOP for Non Filers of GST Return Compliance & Issues || CA Bimal Jain
• How & Who to Generate E-Invoice in GST || CA Bimal Jain
• Important FAQ’s on Generation of E-Invoice || CA Bimal Jain
Source: a2ztaxcorp.com
