A2Z Taxcorp LLP Weekly GST Communique dated June 02, 2020

Important Judgments of the Week
• Entire amount of pre-deposit will be relaxed, only if mandatory deposit is deposited before Tribunal within 30 days
• Die manufactured & supplied to overseas customer is an ‘intra-state’ transaction
• Catering service to primary school students is exempt and not liable for TDS

Important Notifications, Circular, etc.
• CBIC issued certain guidelines on Special drive for the disposal of applications for fixation of Brand Rate of Duty Drawback
• CBIC issued clarification measures to facilitate the trade during lockdown, by further extending the facility of accepting undertaking in lieu of bond till June 15, 2020
• CBIC issued a notice calling for suggestions, views, comments on draft Circular on electronic sealing deposit in and removal of goods from a Customs Bonded Warehouse
• CBIC further extends the levy of anti-dumping duty on Acrylic Fibre originating in or exported from Thailand
• Govt. of Maharashtra issued clarification in respect of appeal in regard to non-constitution of Appellate Tribunal
Important Press Releases
• Shri Piyush Goyal: Traders are also eligible to get the credit benefit announced under the Aatamnirbhar package for the MSMEs
• FM Nirmala Sitharaman chairs 22nd Meeting of the Financial Stability and Development Council (FSDC)

Important Updates
• CBIC released updated CGST Rules, 2017 upto May 05, 2020
• CBIC released updated Forms in Part B of CGST Rules, 2017 upto May 05, 2020
• Hon’ble President directs that the following amendments in the Customs, Excise and Service Tax Appellate Tribunal (Procedure) Rules brought by Notification
• AP High Court had decided to Implement the E-filing software for filing of cases in the Subordinate Courts in AP during lockdown w.e.f May 26, 2020
• GST Portal has now enabled filling of GST From ITC-02A
• GSTN issued advisory on facility for registration of IRP/RPs made available on the GST Portal

 

Source: a2ztaxcorp.com

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