The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 01/2022 – Central Tax dated 24th February 2022 notifies the applicability of e-invoices for the taxpayer having an aggregate annual turnover of Rs 20 Cr or more with effect from 01st April 2022. Government of India Ministry of Finance (Department of Revenue)
CBIC Clarification – Coaching Institutes providing bundled services need to pay GST on Composite Supply. A coaching institute cannot deposit Goods & Services Tax (GST) on individual items basis for the supply of notebooks, t-shirts, bags, sweat shirts, etc. to students along with coaching service, Central Board of Indirect Taxes & Custom (CBIC) has clarified.
In the case of Taghar Vasudeva Ambrish v. Appellate Authority for Advance Ruling Karnataka [W.P. No. 14891 of 2020 (T-RES) dated February 07, 2022] The Hon’ble Karnataka High Court quashed the order passed by the AAAR, denying exemption to the assessee on the service of renting of property used for the purpose of a hostel for
The Ministry of Corporate Affairs (MCA) vide its Circular No 01/2022 dated 14th February 2022 further relaxes the levy of additional fee in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL till 15th March 2022 and MGT-7/MGT-7A till 31st March 2022 for the financial year 2020-21. In continuation to Ministry’s General Circular No 22/2021 dated
