Government of Rajasthan amends the Rajasthan Investment Promotion Scheme-2022
Government of Rajasthan has issued a notification amending the Rajasthan Investment Promotion Scheme-2022. This notification was issued on 10th February, 2023. The notification inter alia amends the eligibility of enterprises to the policy, training & Skilling Incentive and qualifying criteria for manufacturing standard package.
Government of Rajasthan issues timeline for disposal of application for refund of GST
The proper officers, on the receipt of an application for refund under section 54 of the Rajasthan Goods and Services Tax Act, 2017 shall decide such application within a period of twenty one days from the date of receipt of such application.
Govt. of West Bengal extends due date for Submission of Return
The Government of West Bengal has issued a notification regarding an extension of the due date of submission of return relating to “Evidence in support of claim for deduction from turnover of sales” under the West Bengal Value Added Tax Act, 2003. This extension was issued on 3rd February, 2023.
Haryana Govt. releases payments due to impact of change in GST from 12% to 18% for construction works
This change in GST rates for were notified on 18th July, 2022. The present notification was issued on 3rd February, 2023. The net impact of the change in contracts where payments are to be made inclusive of taxes has been stated in a table attached to the present circular.
Government of Tripura clarifies applicability of GST on certain services
All services supplied by Central Government, State Government, Union Territory or local authority to any person other than business entities (barring a few specified services such as services of postal department, transportation of goods and passengers etc.) are exempt from GST.
Municipal Commencement Council Hamirpur (Property Taxation) Bye-laws, 2022
The bye-laws define various terminologies such as “Retable value”, “Unit area”, and “Unit area tax” etc. They also define an assessment list which refers to ‘all units of lands and buildings assessable to property tax under the provisions of the H. P. Municipal Act, 1994. The bye-laws also specify the Form of an Assessment list. These bye-laws were published on 4th February, 2023 and have come into immediate effect.
Govt. of Punjab amends Schedule E of Punjab VAT Act, 2005
The amendment revises the rate of tax for diesel other than premium diesel and petrol. Additionally, tax at the rate of 10% shall be added in ad valorem rates only. These fixed rates are already inclusive of additional tax at the rate of 10%.
CBDT updates its FAQs on e-Verification Scheme 2021
The updated list of FAQs consists of 24 FAQs that aim to provide general guidance in understanding the procedures and processes of the e-Verification Scheme, 2021. These are presented in an easy-to-understand manner to the extent possible, without using the technical terms.
CBITC revises Tariff Values for Certain Goods
With the exception of areca nuts, whose tariff value remains unchanged, all other goods described in the notification have undergone a revision in their tariff values. Additionally, the tariff values of Crude Soya bean Oil and Brass Scrap (all grades) have undergone a considerable increase.
Advisory on the facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns
Recently, a functionality of “Automated Drop Proceedings” of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. If the status of the GSTIN does not automatically turn ‘ACTIVE’, then taxpayers are advised to revoke the suspension once the due returns have been filed, by clicking on ‘Initiate Drop Proceeding’.
