Important Judgments, Rulings of the week
• ITC availment right not ‘indefeasible’- Gujarat HC upheld DGGSTI’s action under Rule 86A
• Gujarat HC grants regular bail to assessee arrested for offences punishable under Section 132(1)(a) of the CGST Act
• Bombay HC stayed provisional attachment of the bank accounts noting assessee’s cooperation
• GST would be levied on recovery of canteen services regardless “profit-making” aspect
• Valuation as per Rule 28 applies only where the value for GST is not ascertainable
Important Circulars, Notice of the week
• CBIC issued instructions for strict compliance to limitation while filing Appeals/Petitions before Courts/Tribunal
• Dept. of Commerce issued advisory for a mentioning a remark in the Shipping Bills and examination of goods, subject to SEZs covered under RoDTEP Scheme
• Maharashtra Customs Dept. issued Public Notice for mandatory uploading of documents on e-Sanchit
Important Press Releases of the week
• 12th Instalment of Rs. 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
• Haryana Govt. launched mobile app for GST physical verification
• FM launches “Union Budget Mobile App” to provide easy and quick access to Union Budget information to all stakeholders
Important Update of the week
• GSTN issued module wise new functionalities deployed on the GST Portal during Oct-Dec, 2020 for taxpayers
Source: a2ztaxcorp.com
