The weekly update on Indirect Tax and Import-Export Policy is as under:
A. GST
(I) NOTIFICATIONS
| Sr No | Notification No. | Date | Details of Notification |
| 1 | 44/2020
Central Tax |
08-06-2020 | By this notification, Rule 67A to CGST Rules, 2017 inserted vide Notification No. 38/2020 CT dated 5th May 2020 for filing “NIL” GSTR-3B by SMS, is made effective from 8th June 2020.
If a Registered Person has all entries in the columns of GSTR-3B as NIL or NO, then by way SMS from Registered Mobile, GSTR-3B can be filed. The following type of SMS is required to be sent to 14409 NIL space <Return Type> space <GSTIN> space<Return Period> For example: NIL 3B 27XXXXX0000X1234 062020 On receipt of OTP the following SMS to be sent on 14409 with verification code, such as CNF 3B OTP Please note such OTP is for SINGLE USE only. |
| 2 | 45/2020
CENTRAL TAX |
09-06-2020 | This Notification extends the date of Special Procedure laid down to 31st July 2020 from 31st May 2020.
This special procedure in applicable only for Registered Person having Principal Place of Business in the Union Territory of DAMAN & DIU which is merged as DAMAN, DIU, DADRA & NAGAR HAVELI for change in Registration Number, Transfer of ITC etc. as envisaged under Notification No 10/2020 Central Tax dated 21st March 2020. |
| 3 | 46/2020
CENTRAL TAX |
09-06-2020 | Time Limit to issue Order under Section 54(7) of the CGST Act, 2017 (REFUND MATTERS) where Notice is issued between period 20th March 2020 to 29th June 2020 is 15 days from date of receipt of Reply or 30th June 2020 whichever is later.
This extension gioves equal opportunity to the Applicant of Refund as well as the Departmental Officer who are suffered by Lockdown due to pandemic in the Country. |
| 4 | 47/2020
CENTRAL TAX |
09-06-2020 | This Notification amends Notification No. 35/2020 CT dated 3rd April 2020 and has resultant effect of extending validity/expiry of E-WAY BILL till 3th June 2020 especially E-Way Bills which were:
Issued on or before 24th March 2020 and Had expired on or after 20th March 2020. |
(II) CIRCULAR
| Sr No | Circular No | Date | Details of Circular |
| 1 | 139/09/2020- GST
(CGST) |
10-06-2020 | Clarification regards to Refund Claims under Section 54(3) of the CGST Act, 2017 [a. Refund of unutilized / accumulated ITC on account of:
a. Zero Rated Supply without payment of GST, and b. Inverted Structure of GST which is Nil GST or Lower GST rate whereas Input at Higher GST] The instant Circular allows ITC which is not reflected in GSTR-2A of the Applicant but who is in possession of valid document, thus amended and modified para 5.1 and 5.2 of the Circular No. 135/05/2020-GST dated 31st March 2020 and Circular No. 125/44/2018-GST dated 18-11-2019. |
| 2 | 140/10/2020- GST
(CGST) |
10-06-2020 | The Board vide this Circular has clarified the status of Taxability or otherwise on the salary, remuneration. Fees etc. paid the Directors of the company.
In short, taxability is as under: If any salary or remuneration paid to the Full-Time or Employee Director is subjected to TDS under Section 192 of the Income Tax Act, 1961, then such Director falls under Employee-Employer Relation (Schedule III to CGST Act, 2017) and NO GST under RCM is payable by the Company. In any other case of part-time or appointee or nominated Director whose payment is subjected TDS under Section 194H or 194J of the Income Tax Act, 1961 (i.e. Other than Section 192 of the Income Tax Act, 1962) falls under Sr No 6 of the Notification 13/2017 CT(R) dated 28-06- 2017 and is subjected to GST under RCM by the Company. |
B. CUSTOMS
| Sr No | Notification No | Date | Details of Notification | ||||||||||||||||
| 1 | 27/2020- Customs | 09-06-2020 | Amended Jumbo Notification No 50/2017-Cus dated 30-06-2017 to the effect that Sr No 55 [Bamboos falling under CTH 1401 10 00] the Basic Customs Duty is enhanced to 25% from 10%. | ||||||||||||||||
| 2 | 13/2020- Customs (ADD) Anti Dumping Duty | 09-06-2020 | In terms of directives from the DG, Anti-Dumping Duties, this Notification imposed ANTI DUMPING DUTY of USD 5.01 per Kg on 1-phenyl-3- methyl-5-pyrazolone (CTH 2933) having Country of Origin as China PR or any other country and exported from China PR or any other Country. | ||||||||||||||||
| 3 | 14/2020- Customs (ADD) | 09-06-2020 | In terms of directives from the DG, Anti Dumping Duties, this Notification imposed ANTI DUMPING DUTY on Flexible Slabstock Polyol of Molecular weight 3000- 4000 (CTH 3907.20) as under:
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| 4 | 15/2020 – Customs (ADD) | 10-06-2020 | Anti Dumping Duties imposed on PHENOL (CTH 2707 99 00 or 2907 11) having Country of Origin as South Africa or any other country and produced by ANY Country and exported by ANY at USD 342.76 per MT vide Notification No. 30/2015 Cus (ADD) dated 10th July 2015 is amended by this Notification extending till 11th December 2020 (inclusive date). |
C. DGFT (IMPORT-EXPORT POLICY)
| Sr No | Notification No / date | Details of Notification | ||||||||||||||||||||||||||||||||||||||||||
| 1 | 09/2015-2020
10-06-2020 |
The following Products are PROHIBITED for Export (removed from FREE Category)
All other diagnostic kits under above HS are FREELY exportable. |
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| 2 | 10/2015-2020
11-06-2020 |
Makes amendment in Appendix 3 (SCOMET Items) to Schedule 2 of ITC (HS) Classification of Import and Export Items for import & export.
The detailed information in this regard can be given to the Client who are dealing with SCOMET Items. |
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| 3 | 11/2015-2020
12-06-2020 |
Amended Free Export Policy to Conditional Export that “No Objection Certificate” from Indian Council of Medical Research (ICMR) is produced, for the following item at Sr No 49A of the schedule: “Human Embryos/Gametes/Gonad Tissues” (ITC HS 0511 99 99). | ||||||||||||||||||||||||||||||||||||||||||
| 4 | 12/2015-2020
20-06-2020 |
The following items (pneumatic tyres) are classified as Restricted from FREE Policy for Imports:
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