KK GST

Rule 87(13) has been inserted by CGST (Fourth Amendment) Rules, 2019 vide notification no. 31/2019 but with effect from a date to be notified later, which still remains to be notified.

Central Board of Indirect Taxes & Customs has Issued a Custom Circular No. 21/2020 dated Aril 21, 2020 regarding review of Circular No. 17/2020 dated April 3, 2020 on ‘Measures To facilitate trade during the lockdown period section 143AA of the Customs Act 1962’.

A year old and much awaited amendment has now finally been implemented..!

Circular No. 137/07/2020-GST Dated 13th April 2020

Exempting PPE, test kits, masks from GST may not serve the intended purpose, as the same could result in blockage of Input taxes that go in manufacturing of PPE. The right step could be to make sale of PPE zero-rated where no taxes are levied on sales and Input taxes that go into manufacturing of PPE are refunded.

In In view of the spread of pandemic COVID‐19, the Hon’ble FM has announced various reliefs measures relating to statutory and regulatory compliance matters in GST. For ease of your convenience and reference, due date calendar for various returns in GST is given as under: