GST Daily – Editorial Team
Dear Reader,
Today’s newsletter analytically summarizes the top GST stories reported at taxmann.com.
The DGFT has proposed a new online module for filing of the application for recognition as a Pre-Shipment Inspection Agency (PSIA), electronic issuance of Pre-shipment Inspection Certificates (PSICs) and electronic verification of the authenticity of the PSICs with effect from 01.05.2022. ? ? ?
The online process shall not be mandatory in the initial period of go-live and the PSIAs, as well as the importers, are provided time till 30.06.2022 to onboard and familiarise themselves with the online process. All PSICs shall be mandatorily generated online through the DGFT Website w.e.f. 01.07.2022.
A section of the media has reported that feedback has been sought from States regarding a suggestion for raising Good & Services Tax (GST) rates on 143 items. Some reports have even carried the number and description of items. ? ? ? ? ?
The Government has now issued a press release and clarified that no feedback from States has been sought on the GST rates for any specific items or specific proposals to restructure the rates and the reports regarding the same are purely speculative without any basis in fact.
The GST department of Kerala has issued a user manual for filing of Kerala Flood Cess Annual Return. The step by step process for filing Annual returns along with the payment mechanism has been explained in this user manual for users.
That’s it from us for today! Stay Tuned for more updates from?Taxmann.com
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