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Indirect Tax Weekly Digest | 07 April 2020

07 April 2020

Read more about Indirect Tax Legislative, Judicial updates and Foreign Trade Policies in The Indirect Tax Weekly Digest by BDO in India

This edition of the weekly digest highlights:

  • Various relief measures, announced by the Government, relating to statutory and regulatory compliance matters, extension of Foreign Trade Policies; export benefits; schemes; due dates, restriction on certain export policies across sectors, on account of the spread of Novel Corona Virus (COVID-19);
  • High Court of Gujarat- Rebate claim paid shall be paid in cash instead of credit to CENVAT account after introduction of GST;
  • AAR-Uttarakhand- Business transfer as a going concern of an under-construction project is exempted from GST;
  • AAR-Uttarakhand- Rate of exchange for imported goods as notified under the Customs Act, 1962 shall be applicable for the valuation of goods supplied within India and billing done in foreign currency

We hope you find it useful and an interesting read.