RBI hikes policy Repo Rate under the liquidity adjustment facility by 50 bps to 4.90%.
India has achieved the target of 10% ethanol blending, 5 months ahead of schedule.
Centre writes to States to phase out Single Use Plastic (SUP).
Re-opening of web portal for Round-II of registration for setting up of new Sainik School in partnership made.
Govt. waives interest on delay in filing GSTR-8 for certain Electronic Commerce Operators due to technical glitches.
Notification No. 08/2022 – Central Tax dated 07-06-2022.
New Functionalities made available for Taxpayers on GST Portal in May 2022.
GSTN Update dated 6-6-2022.
GST – Because of change of composition from Partnership Firm to Private Limited Company, registration number changed – such reason cannot stand in the way of claiming ITC.
Travancore Mats and Mattings Pvt. Ltd. vs. Asstt. Commissioner, 2022-TIOL-809-HC-MAD-GST.
GST – ITC Blocking – Merely by recording that some investigation is going on, a drastic far reaction action under Rule 86A of CGST Rules cannot be sustained.
Rajnandini Metal Ltd. v. UOI, 2022-TIOL-810-HC-P&H-GST.
Dept. is bound to accept description of grade in import documents as well as sale invoice to be one and the same, on the strength of certificate/correlation statement issued by statutory Auditors.
Sim Enterprises v. C.C., 2022-TIOL-475-CESTAT-MUM.
CBDT revises procedures laid down for sharing info with tax deductors/collector for Sections 206 AB & 206 CCA.
Notification No. 16 of 2022, dated 09-06-2022.