VATupdate

A2Z TAXCORP LLP weekly GST Communique dated April 13, 2020

Important Notification, Instructions, etc.
• CBIC instruct field officers to expedite the pending refund claims by April 30, 2020
• CBIC placed a Special Refund and Drawback Disposal Drive to dispose of pending Refund & Drawback claims
• CBIC further amends customs notification to makes consequential changes to enactment of Finance Act, 2020
• DGFT extends the time limit by granting one-time condonation under the EPCG Scheme till March 31, 2021

Important Updates
• GSTN issued summary of extended due dates for filing of various GST Returns during COVID-19
• CBIC has taken Trade Friendly Initiatives to avoid disruptions from COVID-19
• Advisory issued for the taxpayers for Extending the Validity of E-Way Bills
• GSTN issued Advisory on Opting-in for Composition Scheme for 2020-21 – Extension of Dates in view of COVID-19

 

Video of the week
• Recent Changes and Burning Issues in GST (Facebook Live Webinar) || CA Bimal Jain

 

Source: a2ztaxcorp.com

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