Weekly GST Communique dated May 11, 2020

GST

Important Notifications, Circular, etc.

 • CBIC issued instruction on provisional clearance of goods under India’s Trade        Agreements 

• CBIC further extends the validity of E-Way Bill till May 31, 2020 

• CBIC further extends the due date for filing GSTR-9 & GSTR-9C for F.Y 2018-19 till September 30, 2020 

• CBIC allowed registered person under Companies Act to file Form GSTR-3B through EVC

 • CBIC amends the special procedure for corporate debtors undergoing CIRP process under IBC 2016 

Important Updates 

• GSTN has enabled new facility to adjust negative ITC while distributing ITC to its units by ISD in Form GSTR-6 

• GSTN has enabled the facility for creation of Electronic Cash Ledger and Liability Register for UIN holders

Income Tax

Important Updates 

• CNBC-TV18: Government's F.Y-20 direct tax collections are over Rs 1.2 lakh Cr 

• CBDT orders tax officials not to issue scrutiny notices to taxpayers 

Important Press Releases

 • CBDT issued clarification in respect of residency under Section 6 of the Income Tax Act, 1961

 • CBDT issued new procedure for registration, approval, etc. of certain entities deferred to Oct 01, 2020

Weekly GST Communique