Important Rulings of the Week
• AAR: Software consulting services provided to Indian company’s foreign client liable to GST
• Maharashtra AAR ruling provides GST relief to MNCs on expats salary
• Maharashtra AAAR: No GST on membership or admission fee
• Hyderabad-based company held guilty of GST profiteering on movie tickets
Important Notifications, Circular, etc.
• CBIC enabled new functionalities like Turant Customs and other initiatives for contactless customs w.e.f. July 06, 2020
• CBIC extends the last date of Re Import by 3 months, for those where the last date of such re-import falls between 01.02.2020 and 31.07.2020 due to COVID-19
• DGFT notified harmonization of Appendix 3B -Table-2 for exports made with effect from January 01, 2020
Important Press Releases
• World Bank, India sign $750 million emergency response programme for MSMEs
• CBIC: Enhancement of CRCL and Contactless Customs
• Cabinet approves extension of EPF contribution of 24% for another 3 months, from June to August 2020
Important Updates
• CBIC received representation on extension of due date for Form GSTR-4 for F.Y. 2019-20
• GSTN has released Statistical Report on completion of 3 years of GST implementation
Video of the Week
• Feedback of Advanced GST Course and Must attend “Clause by Clause filing of GSTR-9 & 9C” || CA Bimal Jain
Source: a2ztaxcorp.com
