A2Z TAXCORP’s Weekly GST Communique dated June 22, 2020

Important Judgement, Rulings of the Week
• SC stays Delhi HC order on transitional GST credit on Centre’s SLP
• AAR: Goods purchased, sold overseas liable to GST in India
• AAR: Interest on PPF, savings bank deposit to be included for calculating GST registration threshold

Important Notification, Circular
• CBIC notifies the date from which Companies registered under Co’s Act are allowed to file Form GSTR3B & Form GSTR-1 through EVC till September, 2020
• Kerala Govt issued instruction to Registering Authorities to be aware on issuance of New Registrations
to the Taxpayers

Important Press Releases
• CBIC begins using e-Office in all CGST and Customs offices
• PIB issued statistics of India’s Foreign Trade for the month of May 2020
• Shri Nitin Gadkari says, India will be a manufacturing hub for electric vehicles within five years
• FM: Govt closely monitoring transmission of repo rate cut by banking sector

Important Updates
• Procedure to file Nil GSTR-3B Return through SMS
• Indian Customs working 24*7 while ensuring Social Distancing during COVID-19
• CBIC Enhancing Trade Facilitation measures to ensure Ease of Doing Business

Videos of the Week
• Webinar on “Mixed and Composite Supply” || CA Bimal Jain
• No GST on Supply of Goods to Customer outside India by Vendor outside India || CA Bimal Jain
• Important Dates for filing GSTR – 3B and GSTR – 1 in June, 2020 || CA Bimal Jain
• Interest on PPF, Deposits, etc., not includible in Turnover for Registration in GST I I CA Bimal Jain

Source: a2ztaxcorp.com

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