Compliance Relaxations in India | COVID-19
1. GST UpdateDate of Notification – 28 May 2021
- Legal Framework – The Goods & Services Tax Act, 2017 and relevant rules thereunder.
- Government Authority – Central Board of Indirect Taxes and Customs (CBIC)
- Web-link – CBIC Circular
- Legal Update: IGST to be fully exempted on import of certain COVID-19 related goods.Rationalization of GST rates on certain goods and services.Rationalization of late fee in reporting of certain returns.Simplification of Annual Return for FY 2020-21.