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HomeCBIC issues clarification on utilization of the amounts available in the electronic credit ledger; refund claim on deemed exportsFISCAL

Category: FISCAL

Central, FISCAL, Industries, post_cats, states

CBIC issues clarification on utilization of the amounts available in the electronic credit ledger; refund claim on deemed exports

Central Board of Indirect Taxes & Customs (CBIC) has issued Circular No. 172_04_2022 dated 6th July, 2022 to provide clarification on various […]

anumJuly 12, 20222 min read
Central, FISCAL, Industries, post_cats, states

CBIC issues clarification relating to applicability of demand and penalty provisions under GST in respect of transactions involving fake invoices

Central Board of Indirect Taxes & Customs (CBIC) has issued Circular No. 171_03_2022 dated 6th July, 2022 to clarify about various issues […]

anumJuly 12, 20224 min read
Central, FISCAL, Industries, post_cats, states

CBIC issues clarification on furnishing of information regarding inter-State supplies and amount of ineligible/blocked Input Tax Credit in FORM GSTR-3B

Central Board of Indirect Taxes and Customs (CBIC) has issued GST Circular No. 170_02_2022 dated 6th July, 2022 to clarify about mandatory […]

anumJuly 12, 20224 min read
Central, FISCAL, Industries, post_cats, states

CBIC allows transfer of amount in electronic cash ledger of a registered person to that of a distinct person w.e.f 5th day of July, 2022 under GST

Central Board of Indirect Taxes & Customs (CBIC) has issued Notification No. 9/2022 – Central Tax to notify 5th day of July, […]

anumJuly 7, 20221 min read
Central, FISCAL, Industries, post_cats, states

CBIC extends due date for furnishing of statement in Form GST CMP-08 and Form GSTR-4 for persons paying tax under composition scheme

Central Board of Indirect Taxes & Customs (CBIC) has issued Notification No. 11/2022 – Central Tax and Notification No. 12/2022- Central tax […]

anumJuly 7, 20221 min read
Central, FISCAL, Industries, post_cats, states

CBIC further amends Central Goods and Services Tax (CGST) Rules, 2017 to notify various recommendation of 47th GST council meeting

Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 14/2022 dated 5th July, 2022 to further amend the Central […]

anumJuly 7, 20223 min read
Central, FISCAL, Industries, post_cats, states

Taxpayers having an aggregate turnover of up to INR 2 crore has been exempt from furnishing of Annual Return for F.Y. 2021-22 under GST

Central Board of Indirect Taxes & Customs (CBIC) has issued Notification No. 10/2022 – Central Tax dated 5th July, 2022 to exempt […]

anumJuly 7, 20221 min read
Central, FISCAL, Industries, post_cats, states

DGFT amends ANF-4F to simplify the procedure for applying Export Obligation Discharge Certificate (EODC) in case of deemed exports

Directorate General of Foreign Trade (DGFT) has issued Public Notice 11/2015-20 dated 7th June, 2022 to amend Para 2 (b)(i) of the […]

anumJune 15, 20221 min read
Central, FISCAL, Industries, post_cats, states

Central Board of Direct Taxes amends Income Tax Rules, 1962 to mandate PAN for cash deposit/withdrawal of INR 20 lakhs or more

Central Board of Direct Taxes (CBDT) has issued Notification No. 53/2022 dated 10th May, 2022 and amended Rule 114 of the Income […]

anumJune 15, 20221 min read
Central, FISCAL, Industries, post_cats, states

DGFT relaxes provision for submission of Bill of Export in case of supplies made to SEZ units for Advance Authorisation

Directorate General of Foreign Trade (DGFT) has issued Circular No. 39/2015-20 dated 7th June, 2022 to provide relaxation in provision of submission […]

anumJune 15, 20221 min read
FISCAL, Industries, post_cats

Directorate General of Foreign Trade extends the last date for filing of annual report under Export Promotion Capital Goods scheme for the year 2022-23

Directorate General of Foreign Trade (DGFT) has issued Public Notice No. 13/2015-20 dated 9th June, 2022 to amend Para 5.15 of the […]

Lexplosion SolutionsJune 14, 20221 min read
FISCAL, Industries, post_cats

CBDT prescribes compliance check functionality to facilitate tax deductors /collectors to verify “Specified Person” under Income Tax Act, 1961

Central Board of Direct Taxes (CBDT) has issued Notification No.1 of 2022 dated 9th June, 2022 to notify the procedure for tax […]

Lexplosion SolutionsJune 14, 20224 min read
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