A2ZTaxCorp’s Weekly GST Communique dated August 10, 2020

Important Judgement, Ruling of the week
• Indian Subsidiary Company providing Services to Foreign Parent Company is Export of Services
• NAA: Company Guilty for Profiteering for not reducing base price when GST was reduced from 28% to 18%

Important Circular, Notification, etc.
• Compulsory quoting of DIN on any communications to taxpayers by Kerala SGST Department
• DGFT allows free exports of ventilators
• DGFT extends the date for filing online applications for Export Quota of August 2020 for PPE Medical Coverall till Aug 08, 2020

Important Updates of the week
• CBIC issued recent enhancements made for the taxpayers and fixed certian defects on the GST Portal
• Offline Utility for GSTR-4 i.e. Annual Return for FY 2019-20 is now available on GST Portal
• Step by Step guide to Use the Offline Tool to prepare Form GSTR-4 Annual Return by Composition Taxpayers
• GSTN issued advisory on the Functionality to file Revocation Application under Removal of Difficulty Order
• Taxpayers can now view, file & download GST Returns for July 2017 from GST Portal
• CBIC directs Customs to check safety of explosives in warehouses and ports across the country
• Invoice wise details of ITC auto populating in Table 8A of GSTR-9 is made available on GST Portal

Video of the week
• Services by Indian Company to Foreign Holding Company is Export of Services || CA Bimal Jain


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