CBIC has issued instructions to the proper officers under the CGST/SGST Act,2017 to issue the Show cause notice in the time bound manner in cases involving Bogus Input tax credit claim. Copy of instructions issued by CBIC is attached herewith.

The Govt. issued a clarification on applicability of GST on road construction under HAM Model that NHAI would reimburse/ pay GST on Annuity payment for the projects where bid due date is before 16-06-2021. Whereas after 16-06-2021, GST would be payable by contractors on Annuity and interest amount & TDS under GST would also be applicable.

In the month of March 2020, the Finance Minister, Smt. Nirmala Sitharaman, held a press conference to announce various measures to address the concerns relating to statutory and regulatory compliance. To give effect to such announcement, the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (hereinafter referred to as ‘Ordinance 2020’) was promulgated by the President of India.

Central Government has issued few notifications and one circular under GST on June 24, 2020. Some notifications give effect to the decisions taken by GST Council    in its 40th Meeting held on June 12, 2020 giving relief on levy of interest and late fee for small taxpayers. Following are the key takeaways of Notifications & Circular issued on June 24, 2020:

Cost of inflation index for the financial year 2020-21 is 301.

The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance& States/ UTs.

The GST Council has made the following recommendations on Law & Procedures changes.

Presently our country India as well as the entire world is facing tough times during the outbreak of novel corona virus. In order to safeguard the health of our citizens, our government has announced nation-wide lockdown in several tranches. Due to this nation-wide lockdown, imposed since 25^th March, 2020, all economic, business and government public dealing activities have come to a stand-still. Owing to the effect of lockdown, even judicial forums across the country were also shut. However, imparting of justice is also equally crucial, so in this article, I would like to cover series of measures along with guidelines issued by our Hon'ble Apex Court, high courts and tribunals with respect to seamless & smooth functioning of courts:

Provisions relating to Tax Collection at Source (TCS) on Foreign Tours as introduced by Finance Act, 2020.Provisions relating to Tax Collection at Source (TCS) on Foreign Tours as introduced by Finance Act, 2020.