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A2ZTaxCorp Weekly GST Communique dated May 25, 2020

Important Notifications, Circular, etc.
• CBIC amends rules to disallow transitional credit claims retrospectively
• CBIC issued clarification on implementation of Electronic Sealing Deposit in and removal of goods from Customs Bonded Warehouses
• CBIC made certain changes in SOP issued on 23.01.2020 for verification of IGST refunds and other related aspects
• Kerala govt issued relaxation of certain provision for extension of time limit in view of the spread of COVID-19
• Commissioner of thane CGST issued guidelines for conducting personal hearing in virtual mode keeping in view COVID-19
• Commissioner of Customs made further amendment in filing requirement of Bill of Entry for clearance of Import Consignment
• DGFT will issue Preferential Certificate of Origin for India’s exports to Thailand and Vietnam under ASEAN – India FTA

Important Press Releases
• MSME Minister Gadkari bats for technology upgradation and attracting foreign investment to combat post COVID scenario
• Shri Gadkari: Relief package announced by Union Government for different sectors and new MSME definition will give huge boost to industry

 

 

Source: a2ztaxcorp.com