Important Judgments, Ruling of the week
• SC disposes appeal challenging constitutional validity of pre-deposit under the provisions of TNVAT Act
• Bank Guarantee shall not be encashed where appeal is preferred against the detention order
• Investigation cannot be stalled on apprehension of contracting COVID-19
• Best judgment assessment cannot be made for non-filing of GSTR-3B
• Online tests scored after human intervention classifiable as an OIDAR Service
Important Notifications, Circulars etc.
• CBIC extends the due date for filling GSTR 9 and GSTR 9C for FY 2019-20
• Blocking of GSTR-1 in case of non-filing of GSTR-3B under Rule 59 of the CGST Rules
• CBIC issued corrigendum providing 30 days for submitting reply to registration suspension notice
• CBIC issued circular for import and export of vaccines in relation to COVID-19 through courier
• CBIC issued circular for implementation of PGA eSANCHIT
• Delhi Govt issued SOP for verification of taxpayers granted deemed registration
Important Press Releases of the week
• GST collection in the month of December, 2020 is ₹ 1,15,174 crore
• GST e-invoice system completed 3 months; Enabled more than 37000 taxpayers to generate more than 1680 Lakh IRNs
• 9th Instalment of Rs. 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
• Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme gets implemented from 1st January, 2021
• Conditions and restrictions of RoDTEP Scheme to be notified shortly
• PIB issued statistics of India’s Merchandise Trade preliminary data for the month of December 2020
• CGST Delhi West Commissionerate arrests one for duty evasion of around Rs 831.72 crore
Important Updates of the week
• GSTN: Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A
• Offline Utility of GSTR-9C Annual Return for the FY 2019-20 is now available on GST Portal
Our Article of the week
• Important Changes in GST w.e.f. January 1, 2021
Videos of the week
• Blocking of filing of GSTR 1 if GSTR 3B is not filed || CA Bimal Jain
• Webinar on Recent Important Changes in GST effective from 1st January 2021 || CA Bimal Jain
Source: a2ztaxcorp.com
