The Government of India, Ministry of Finance, Department of Revenue, CBIC issued Letter vide D.O.F.No.524/11/2021-STO(TU) dated December 20, 2021, to notify HSN amendments in Custom Tariff Act, 1975 from January 01, 2022, so as to align the same with HS 2022. As you are aware, the new (seventh) edition of the Harmonized System (HS) nomenclature, HS-2022, shall
An application for removal of name of the company under section 248(2) of the Companies Act, 2013 shall be made in Form STK-2 along with the fee of five thousand rupees. Every application shall accompany a No Objection Certificate from appropriate Regulatory Authority concerned in respect of following companies, namely – 1. Companies which have
The Central Board of Indirect Taxes and Customs (CBIC) vide its vide its Circular No 167/23/2021 – GST dated 17th December 2021 issues clarification with respect to GST on services provided by restaurants through e-commerce operators. The GST Council in its 45th meeting held on 17th September, 2021 recommended to notify‚ Restaurant Service under section 9(5)
This is to update you regarding the notifications issued by CBIC on 21 December 2021 viz. Notification No. 38/2021 – Central Tax and Notification No. 39/2021 – Central Tax providing 1 January 2022 as the appointed date for various amendments/ new provisions introduced in the GST law: I. Notification No. 38/2021 – Central Tax The said Notification has made certain Rules introduced/ amended vide CGST (Eighth Amendment)
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 39/2021 – Central Tax [S.O. 5328(E)] dated 21st December 2021 appoints the 01st January, 2022 for applicability of provisions of sections 108, 109 and 113 to 122 of the Finance Act, 2021. The applicable sections of Finance Act, 2021 are as follows:-
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 38/2021 – Central Tax [G.S.R. 875(E)] dated 21st December, 2021 notifies the 01st of January 2022 as the date from which the provisions of sub-rule (2), sub-rule (3), clause (i) of sub-rule (6) and sub-rule (7) of rule 2 of the Central
The concept of marginal relief is designed to provide relaxation from levy of surcharge to a taxpayer where the total income exceeds marginally above Rs. 50 lakh, Rs. 1 crore, Rs. 2 crore, Rs. 5 crore or Rs. 10 crore, as the case may be. Thus, while computing surcharge, in case of taxpayers (i.e. Individuals/HUF/AOP/BOI/artificial
In the recent case The Hon’ble Supreme Court of India in Union of India & Ors. v. Aap and Company [Civil Appeal No(s). 5978/2021 dated December 10, 2021] reversed the judgment of the Hon’ble Gujarat High Court, ruling that FORM GSTR-3B is not a return under Section 39 of the Central Goods and Services Tax Act, 2017 (“the