Team Bizsol

CBDT vide Circular No 02/2021 dated 3rd March 2021 has provided that if any individuals who had come on a visit to India during the previous year 2019-20 and intended to leave India but could not do so due to suspension of international flights and facing double taxation even after taking into account the relief provided …

CBDT vide Circular No 02/2021 dated 3rd March 2021 has provided that if any individuals who had come on a visit to India during the previous year 2019-20 and intended to leave India but could not do so due to suspension of international flights and facing double taxation even after taking into account the relief provided by the DTAA, he may furnish the specified information by 31st March, 2021 in Form.(04.03.2021) Read More »

Vide Gazette no. G.S.R. 143(E ) dated 1st March 2021 New labour law ‘The Code on Wages (Central Advisory Board) Rules, 2021’ have been published by MINISTRY OF LABOUR AND EMPLOYMENT in suppression of existing Minimum Wages Act & Rules.

DGFT announces Online Module for Adjudication, Appeal, Review proceedings.

Measures for Streamlining of Customs Post Clearance Audit work has been notified and custom audit will now be  regularly conducted and monitored.

Registration for next phase of COVID19 Vaccination on Co-WIN2.0 portal will open at 9:00 am on 1st March 2021 at www.cowin.gov.in.

Due date for filing GSTR-9 and GSTR-9C for FY 2019-20 is extended further to 31.03.2021.

 Anti-dumping investigation on imports of Polyurethane Leather has been initiated. Case No. AD-OI-46 2020

Anti-dumping duty on imports of Glazed/Unglazed Porcelain/Vitrified tiles. Notification No. 09/2021 -Customs (ADD) dtd. 25th Feb 2021

Anti-Dumping duty on Melamine originating from China. Notification No. 10/2021-Customs (ADD) dtd. 25th February, 2021

HC imposes cost of Rs.50000 on Department for filing belated Appeal with it despite tax effect of less than Rs. 1 Crore. [ Case Law: PCIT Vs Indian Roadways Corp. Ltd. (Calcutta High Court)]

CBIC is regularly twitting and appealing to file GSTR-9 & GSTR-9C for FY 2019-20 by February 28, 2021.

Advisory on Annual Return (GSTR-9) is issued so as to Report upto two decimal places in GSTR-9 offline utility.

CBIC has clarified Applicability of Dynamic QR Code on B2C invoices & compliances in the matter of exports and parameters for / details are required to be captured in the Quick Response (QR) Code, generation and printing of dynamic QR Code from B2C invoices and other related details. [Circular no. 146/02/2021-GST dtd. 23rd February, 2021]

GSTN now enables the option to download GSTR-2B summary and 2B in detail.

Denial of IGST refund for availing Drawback: HC directs Commissioner to dispose IGST refund claim. [Case Law Asian Organo Industries Vs Principal Commissoner of Customs (High Court Gujarat)]