MAY 2021 (Week 2)

GST NEWS BULLETIN

Introduction of New Module for Tracking Refund Status Without Logging Into GST Portal

Goods & Services Tax Network (GSTN) has introduced new module for tracking the refund status without logging into the GTS portal. Taxpayers can navigate to the below mentioned path to track the status :

Services > Track Application Status > Select the Refunds option > Enter ARN > Click SEARCH to track your refund application without logging into the GST Portal.

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Collection of Subscription/Infrastructure Development Fee from Members Not Liable To GST, Unless Amended Provision is Notified : AAR Karnataka

In the matter of M/s Bowring Institute (the applicant), the Authority for Advance Ruling (AAR), Karnataka has pronounced Order No. KAR ADRG 27/2021 and has held that the applicant is not liable to pay GST on subscription fees and infrastructure development fund collected from the members, unless the amended Section 7 of Central Goods and Services Tax Act, 2017 (“CGST Act”) is notified by the government.

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CBIC Eases Norms on Furnishing Bonds for Import, Export of Goods till June 30

The CBIC vide its Circular No. 09/2021 dated 8th May 2021, has decided to restore the facility of acceptance of an undertaking in lieu of bond by Customs formations from the date of issue of this Circular till 30th June 2021.

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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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