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Archive: 07 April 2020

Posts in 07 April 2020

Synopsis of GST Notifications issued on 3rd April 2020

April 7, 2020 1101 Views 0 comment Print

Basis of the Honourable Finance Minister Smt Nirmala Sitharaman on 24th March 2020 press conference for relief measures on account of complete lockdown for 21 days under various statues. An ordinance was issued for the same on 31st March 2020, and notifications for GST were released on 3rd April 2020, and there are some changes […]

Procedure for assessment in cases of non submission of Original COOC

April 7, 2020 813 Views 0 comment Print

In the light of unprecedented situation caused by COVID-19 pandemic and due to lockdown resulting in temporary inability for receipt of physical copy of Country of Origin Certificate (COOC), the Trade / Importers have approached for clearance of goods against the photocopy of COOC which they have received electronically from the exporter / supplier overseas.

Relaxed procedures for In-bonding of goods imported under warehouse Bills of Entry

April 7, 2020 1245 Views 0 comment Print

On account of lockdown due to COVID-19, the physical submission of documents and undertaking is not possible. Therefore, the following procedures for In-bonding of the goods imported under warehouse Bills of Entry is laid down:

13 FAQs on Companies Fresh Start Scheme 2020

April 7, 2020 1212 Views 0 comment Print

In order to support and enable companies to focus on taking necessary measures to address the COVID-19 threat, the Ministry of Corporate Affairs (MCA) has rolled out the Companies Fresh Start Scheme (Scheme) vide General Circular No. 12/2020 dated 30th March 2020 to provide one-time opportunity to all companies to complete their pending compliances by […]

Temporary provision for filing IGM/EGM without submission of hard copy

April 7, 2020 678 Views 0 comment Print

Representations have been received form Shipping Lines/Consol Agents that during the present COVID19 situation, as a temporary measure the practice of submission of hard copy of IGM/EGM to the import noting section be not insisted to minimize human interaction.

Arogya Setu is not a surveillance APP

April 7, 2020 1065 Views 1 comment Print

Claim: As per a prominent newspaper, Arogya Setu will be used for surveillance. Fact: This is baseless, the App does not link user location & data with any sensitive personal data. Also, it does not make users vulnerable to hacking.

All about 39th GST Council meeting

April 7, 2020 1053 Views 0 comment Print

New GST returns postponed New GST Returns has been postponed to 01st October, 2020. Hence tax payers can continue with the old forms till the time new forms are launched. Interest on net GST liability Biggest amendment in GST that 18% interest rate on late payment of GST is now applicable on the next GST […]

Clarification on Permitted Activities during Lockdown in Private Sector

April 7, 2020 975 Views 0 comment Print

Clarification Regarding List of Permitted Activities during Lockdown in the Private Sector. The category of various permitted activities during Lockdown was stated in the Order dated 26th March, 2020. More such activities were included vide Order dated 4th April, 2020.

Automated Form 15H Excel Utility

April 7, 2020 10428 Views 0 comment Print

You can keep and generate 2000 parties Form 15H by using this utility with in seconds.Simple to generate as and when require Form 15H UIN (Unique Identification Number) will generate automatically as per the prescribed format.

Are Amendment and Addendum one and the same or different from each other?

April 7, 2020 16947 Views 1 comment Print

In regular course of business companies/persons will enter into a contract to establish a legitimate business relationship amid the parties and to clearly define the legal/business terms and conditions of such business relationship. At times, the parties may need to add/alter certain terms and conditions of such business contract as a consequence of the changing […]

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