CBIC has issued Circular No. 19/2020- Customs dated April 13, 2020 for electronic communication of PDF based Gatepass and Out of Charge (OOC) Copy of Bill of Entry to Custom Brokers/Importers. I. Final Out of Charge (eOoC) Copy of Bill of Entry: As of…
With businesses moving at a slow pace owing to the novel coronavirus outbreak, the Central Board of Indirect Taxes and Customs (CBIC) has decided to expedite its GST refund process. According to government data dating back to March 30, the CBIC has processed 12,923…
Applicant has sought advance ruling on following Whether Supply of Purified Water to Public in Empty Unsealed Cans is exempt under GST Law ? Ruling It is held that the supply of Purified Drinking Water to Public in Empty Unsealed Cans is not entitled…
Additionally, the revenue department is also considering treating a section of MSMEs under the GST scheme for composition dealers, so that they are taxed at concessional rates till the Covid-19 crisis blows away. The government is considering tax sops to encourage special economic zone (SEZ)…
Deputy Chief Minister Dushyant Chautala has assured Confederation of Indian Industry (CII) members that stuck GST refunds of the industry will be processed next week onwards. In his address to CII members through video-conferencing, the Deputy Chief Minister invited the CII to share a plan…
The Centre had earlier released Rs 12,857 crore to Punjab on account of compensation for July 2017-March 2019 and with the clearance of arrears, the total amount paid stands at Rs 14,094 crore. The Centre has released Rs 1,237 crore to Punjab as GST compensation…
Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws- Vide Circular Number 137/07/2020-GST Dated 13th April, 2020 Issue Clarification An advance is received by a supplier for a Service contract which subsequently got cancelled. The supplier…
Standard Operating Procedure (SOP) to be followed by exporters Exporters to follow SOP, Central Board of Indirect Taxes and Customs (CBIC) has issued a detailed circular on 23rd January, 2020 which reads as follows As you are aware, several cases of monetisation of credit…