Daily Updates

DGS System released module for Manual Upload & review of Adjudication / Appeal Orders issued by State / Union Territory GST Authorities. (Director General of Systems and Data Management Advisory No.7/2021 dtd 20th July 2021)

DGS System released module for Manual Upload of GST Appeal Order issued offline. (Director General of Systems and Data Management Advisory No.6/2021 dtd 20th July 2021)

DGS System released module for review of Appeal Orders & filing of APL-07. (Director General of Systems and Data Management Advisory N0.5/2021 dtd 20th July 2021)

DGS System released module for manual upload of FORM GST-APL-05 (Appeal filed by taxpayer before Appellate Tribunal), Examination of FORM GST APL-05 and filing of APL-06 by the Tax Department. (Director General of Systems and Data Management Advisory No.1/2021 dtd 20th July 2021)

Tariff value of Gold & Silver revised with effect from 31st July 2021. (Notification 63/2021- Customs (N.T.). dtd 30th July 2021)

SEA Cargo Manifest and Transhipment Regulations to come into force from Aug-31 in place of July 31, 2021. (Notification 64/2021- Customs (N.T.). dtd 30th July 2021)

DGTR Initiation of Anti-dumping investigation concerning imports of “(4R-Cis)-1,1-Dimethylethyl-6-cyanomethyl-2, 2-dimethyl-1,3-dioxane-4-acetate also known as ATS-8”. (Initiation Notification dtd. 2nd August 2021- Department of Commerce – Director General Trade & Remedies)

CBDT has further extended the due dates for electronic filing of various Forms under the Income-tax Act, 1961. (Circular No.15/2021- Income Tax dtd.3rd August 2021)

DGFT notifies revised process for online refund of user charges/penalty/fees (Public Notice No.19/2015-2020 dtd. 30th July 2021)      

Anti-Dumping investigation on imports of “Viscose Staple Fibre” which was extended till 31st October 2021 (Notification dtd. 31st July 2021-Department of Commerce – Director General Trade & Remedies)  

Anti-Dumping duty on ‘ Wire Rod of Alloy or Non-Alloy Steel ‘extended up to 31st  January 2022 (Notification No. 42/2021-Customs (ADD) dtd. 1st August 2021)

Spending of CSR funds for COVID-19 vaccination for persons other than the employees and their families is an eligible CSR activity [MCA General Circular No. 13/2021 dtd 30th July 2021]

Anti-Dumping duty on Polytetrafluoroethylene extended till 30.11.2021 (Notification No. 41/2021-Customs (ADD) dtd 31st July, 2021)    

CBIC has allowed facility of continuous AEO Certification/Auto Renewal for AEO-T1 based on continuous compliance monitoring based on annual self-declaration. (Circular No. 18/2021-Customs dtd 31st July 2021)

CBIC continue to exempt filing of annual GST return in Form GSTR 9 to the registered persons whose aggregate turnover in the financial year 2020-21 is upto two crore rupees and Reconciliation Statement in Form GSTR 9C to the registered persons whose aggregate turnover in the financial year 2020-21 is upto five crore rupees and …

CBIC continue to exempt filing of annual GST return in Form GSTR 9 to the registered persons whose aggregate turnover in the financial year 2020-21 is upto two crore rupees (31.07.2021) Read More »

Maximum and minimum monetary penalties have been defined for professional members where the Disciplinary Committee of the Insolvency Professional Agency( IPA) decides to impose such penalties for contravention. (IBBI CIRCULAR No. IBBI/IPA/43/2021 dtd. 28.07.2021)

CBDT has issued detailed guidelines for handling writ petitions where assessment is made under the Faceless Assessment Scheme 2019 under section 144B of the IT Act, along with guidelines for penalty under Faceless Penalty Scheme 2021. (CBDT Press Release A.F.A.C-1/58/2021-22/333 dtd. 26.07.2021)

Fee structure for Depository Participants operating in GIFT-IFSC – Application fee of USD 500 at the time of application for registration , Registration fee of USD 2,500 and Fee of USD 2,500 every five years post registration. (IFSC Circular No.F. No. 286/IFSCA/CMD-DMIIT/DP/2021/1 dtd.27.07.2021)

DGFT now introduces a new online module for filing of electronic, paperless applications for Export Authorizations for SCOMET Items with effect from 05.08.2021.and DGFT (HQ) will continue to process such applications. (DGFT Trade Notice No.11/2021-22 dtd 28.07.2021)

Going forward, applications for deemed exports i.e. Refund of Terminal Excise Duty (TED), Grant of Duty Drawback as per AIR and Fixation of Brand Rate for Duty Drawback are required to be submitted online through the importer/exporter’s dashboard on the DGFT Website. ( DGFT Trade Notice No. 12/2021-22 dtd. 28.07.2021)