Important Judgment, Rulings, etc.
• Pre-GST CENVAT credit available till June-end revised
• No GST on salary to full-time directors, rules AAR
• GST on director salaries: Firms receive notices despite diverse AAR rulings
• NAA held Samsonite responsible for profiteering, asked to deposit ₹25.73 cr
• LIC maturity sum will not attract GST
Important Notifications, Circular, etc.
• CBIC to reviews the measures to accept an undertaking in lieu of a bond for customs clearance in Sec 143AA of Customs Act, 1962
• CBIC clarified the incidence of NCCD to be factored for calculation of Brand Rate of Duty Drawback
• CBIC notifies extension of due dates for payment under SVLDRS
• Chennai Chief Commissioner activates a Whatsapp Number for redressal of Trade Grievances
• Government of Kerala notified the due date for filing Kerala Flood Cess Return for the Period Feb 2020 to May 2020
• Dept of Commerce issued important operational issues pertaining to Special Economic Zones (SEZs)/Export Oriented Units (EOUs)
• Dept of Commerce has provided Interim relief to SEZ units in lease rent on account of COVID-19
Important Press Releases
• Effective use of Technology enables Goa Central GST Commissionerate to administer Taxation remotely
• PIB issued statistics of India’s Foreign Trade for the month of April 2020
• Shri Gadkari: Representation to register Retailers and Building and Construction Professionals as MSMEs will be examined
• Ministry of MSME Launches CHAMPIONS Portal i.e. www.Champions.gov.in
• Shri Nitin Gadkari emphasizes on Agro, Fishing and Forest MSMEs for manufacturing products using local raw material
• Relief Measures on MSMEs announced by FM vide Aatma Nirbhar Bharat Reforms
• PIB issued monthly performance of CPSEs capital expenditures and payments due to MSMEs Vendors
Important Update
• CESTAT made amendment in Customs, Excise, and Service Tax (Procedure) Rules, 1982
Video of the Week
• GSTR-3B can be revised and manually filed for corrections || CA (Adv) Bimal Jain
Source: a2ztaxcorp.com
