Important Judgments of the week
• Writ admitted for examining validity of provisions restricting ITC on construction of building for letting out on rent
• Denial of refund of IGST to Advance-Authorisation holders is valid but operates prospectively w.e.f October 23, 2017
Important Notifications, Circulars etc. of the week
• CBIC instructs to make UOI a Respondent in GST related petitions
• CBIC issued notification to extend the due date for furnishing GSTR-9 and 9C for FY 2018-19 till 31.12.2020
• CBIC issued Circular on manufacturing and other operations undertaken in bonded warehouses under Section 65 of the Customs Act
• DGFT issued Trade Notice for submission of data to RoDTEP Committee
• DGFT issued Trade Notice for Linking/Registration of IECs in the new revamped DGFT Online environment
• J&K Government extended last date for filing of claims under Budgetary Support till Dec 31, 2020
Important Press Releases of the week
• CGST officials bust racket for generating fraudulent input tax credit through fake billing of around Rs 1,278 crore
• Detection of evasion of customs duty by exporter on export of Iron Ore Fines; recovery of customs duty more than Rs. 8 Crore
• DGGI Gurugram arrests man for forging input tax credit of around Rs 392 crore
• Shri Piyush Goyal: Futuristic vision combined with decisiveness has provided India with a solid Startup ecosystem
• GIFT IFSC prescribes framework for listing of Depository Receipts
Important Updates of the week
• CBIC has released a guidebook for Faceless Assessment
• GST: E-invoicing system enabled for taxpayers having turnover > INR 100 cr
• Filing NIL Form CMP-08 statement through SMS on GST Portal
• GSTN issued FAQ on filing nil Form GST CMP-08 through SMS
• CBIC issued FAQ on Manufacture and Other Operations in Customs Warehouse
Videos of the week
• Waiver of Late fees vs. Extension in Due Date for filing GSTR 9/9C || CA Bimal Jain
• What is Summon and Who can issue and to whom under GST || CA Bimal Jain
• Inspection, Search and Seizure by GST Officials – When and How to Handle || CA Bimal Jain
• Walkthrough of the 6th Edition Book of GST Law and Commentary with Analysis and Procedures
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