Important Notifications, Circular, etc.
• CBIC issued instruction on provisional clearance of goods under India’s Trade Agreements
• CBIC further extends the validity of E-Way Bill till May 31, 2020
• CBIC further extends the due date for filing GSTR-9 & GSTR-9C for F.Y 2018-19 till September 30, 2020
• CBIC allowed registered person under Companies Act to file Form GSTR-3B through EVC
• CBIC amends the special procedure for corporate debtors undergoing CIRP process under IBC 2016
• CBIC issued clarification w.r.t. challenges in implementing the GST Law
• DGFT amends the Export Policy by prohibiting the export of alcohol-based hand sanitizers
• DGFT issued clarification with respect to submission of physical copy of Pre-shipment Inspection Certificate (PSIC)
• Customs Officers of Nhava Sheva issued SOP for Export of Sanitizers, Masks, Paracetamol, Hydroxychloroquine etc.
Important Updates
• GSTN has issued Alert to the Taxpayers on fake messages on GST Refund
• GSTN has enabled new facility to adjust negative ITC while distributing ITC to its units by ISD in Form GSTR-6
• GSTN has enabled the facility for creation of Electronic Cash Ledger and Liability Register for UIN holders
Important Press Releases
• Shri Gadkari calls upon Fragrance and Flavours Association of India to focus on domestic production & import substitution
• Shri Gadkari: Industries Should Take Positive Approach and Tap the Opportunities Created After Covid-19 Crisis Gets Over
Videos of the Week
• GST ITC – Intricacies and Open Issues || CA (Adv) Bimal Jain
• Transitional Credit can be claimed till 30-06-2020 || CA (Adv) Bimal Jain
Source: a2ztaxcorp.com
