A2ZTaxCorp Weekly GST Communique dated April 27, 2020

Important Notification, Circulars, etc.
• CBIC defers the Electronic Sealing Deposit in and removal of goods from Customs Bonded Warehouses till July 01, 2020
• CBIC extends the relaxation for submission of bond to facilitate trade during the lockdown period till May 15, 2020
• CBIC: Waives the demurrage charges levied by ICDs/CFSs/Ports/Terminal Operators during Iockdown
• Nhava Sheva Custom Officer provide procedure for assessment in cases of non-submission of Original Country of Origin Certificates
• Customs Clearance on the basis of self-certified copies of PTA/FTA certificates in case of DPD/AEO Clients
• Advisory: Replacement of ICEGATE email I.ds for CBIC officers with gov.in email Id for all official communication
• DGFT laid down procedure to be followed for RAs on Extensions in Import Validity period & Export obligation period in AA/DFIA
• DPIIT amends FDI norms, bars Automatic Investment in Indian companies from neighboring countries

Important Updates
• Form GST PMT-09 is now available on GST Portal
• Taxpayers can now file GSTR-3B by EVC, without using DSC – Ease of business for Companies now
• Form GST REG-07 Modified: Now the TCS Taxpayers are allowed to take registration with their Head

Important Press Releases
• Key relief measures provided by Ministry of Finance (MOF) to mitigate the impact of pandemic COVID19
• Shri Nitin Gadkari: Government working on a separate scheme to address for delayed payments issues of MSMEs
• Key relief measures provided by DGFT and DPIIT to mitigate the impact of pandemic COVID-19

Video of the Week
• No Interest & No Recovery Proceedings unless Adjudicated in GST || CA Bimal Jain

Source: a2ztaxcorp.com

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