A2ZTaxCorp’s Weekly GST Communique dated September 14, 2020

Important Ruling of the week
• Recovery of transportation charges by employer from employees not taxable, ITC to extent of transportation cost borne eligible

Important Circular of the week
• MOF allows the facility to Auto Let Export Order under Express Cargo Clearance System (ECCS)

Important Press Releases of the week
• Customs seizes smuggled textiles worth Rs 3.3 crore on fishing trawler to Bangladesh
• Shri Gadkari: Aiming to enhance MSME contribution to GDP from about 30% to 50%; and in exports from 49% to 60%
• Piyush Goyal: GoI working with States to improve ease of doing business
• Startup ranking: Gujarat, Andaman & Nicobar Islands are best performers

Important Updates of the week
• GSTN: System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR3B, as PDF statement on GST Portal
• NIC issued advisory on updates on help section and release of registration for E-Invoice enablement and mobile apps
• E-Way Bill system has issued an advisory on enhancements in E-Way Bill Form
• NIC has issued a FAQ on E-Invoice/IRN System
• GSTR-2B for the month of August 2020 is available now
• GSTN has issued an advisory on Form GSTR-2B
• CNBC-TV18: Sources says Government postpones the 42nd GST Council Meeting to October 05, 2020

Videos of the week
• Intricacies relating to Annual Return GSTR 9 & Reconciliation Statement GSTR 9C || CA Bimal Jain
• GST Compliances on GTA Services under RCM (including FY 2018-19) and FC Method || CA Bimal Jain
• When GST is exempted on GTA Services || CA Bimal Jain
• What to pay – CGST & SGST or IGST on GTA Services.. Divergent Issues in POS || CA Bimal Jain
• Refund of Cess (EC, SHEC, KKC) allowed, which could not C/F in GST Regime || CA Bimal Jain
• Teachers Day Event with CA Bimal Jain || Motivational Talk with Critical Aspects of GST Audit



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