Important Judgments of the week
• Bombay High Court: Adjudication of Show-Cause Notices after 13 years is untenable in law
• GST is to be levied on charges collected from Members by Co-operative Housing Societies
• Supreme Court upholds validity of Tribunal Rules 2020 with modifications
• GST is leviable on Lottery and gambling
Important Notifications, Public Notice of the week
• Waiver of penalty for non-compliance of QR Code provisions during Dec 2020 to March 2021 if complied from April 1, 2021
• CBIC notifies 8 digit HSN for certain chemicals & chemical products for exemption
• DGFT added Hazira Port as designed port in Para 2.54(d)(iv) of Handbook of Procedure, 2015-2020
Important Press Releases of the week
• GST collection in the month of November, 2020 is ₹1,04,963 crore
• Chhattisgarh choose Option-1 to meet the GST implementation shortfall
• Jharkhand will get Rs. 1,689 crore through special borrowing window to meet the GST implementation shortfall
Important Updates of the week
• GSTN issued update on auto-population of e-invoice details into GSTR-1
• GSTN has enabled option for opting quarterly filing of GST returns under QRMP scheme
• Compliance Calendar for the month of December, 2020
• GSTN launched the Quarterly Return Monthly Payment (QRMP) scheme
Videos of the week
• Why there is dispute in last date to avail GST Credit for any FY || CA Bimal Jain
• When buyer to reverse GST ITC on non-payment of value & taxes within 180 days of invoice || CA Bimal Jain
Source: a2ztaxcorp.com
