Measures for Streamlining of Customs Post Clearance Audit work has been notified and custom audit will now be regularly conducted and monitored.
India is the part of WTO agreement, wherein it was agreed by all the countries that taxes will not be exported. In other words, tax will not be part of value of cost & services which is getting exported. One of the objective as mentioned in Para 1.06 of Foreign Trade Policy 2015-19 on the …
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.
Budget 2021-22 – GST Analysis Budget 2021-22 – GST Analysis
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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]
ABOUT EPISODE: Bizsolindia hosted a Budget 2021 -22 Analysis webinar on 1st 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)]
Guidelines for setting up of ICDs, CFSs & AFSs-Reg [Circular No. 06/2021-Customs dtd 22nd Feb 2021]
CBIC clarifies Payment of AIDC by EOU Under Various Situations. [Circular No. 07/2021-Customs dtd. 22 February, 2021]
Govt declares 5.81% interest on deposits under Senior Citizens Welfare Fund for 2020-21
