CBIC notifies exemption of provision relating to application for registration
The Central Board Indirect Taxes and Customs, (CBIC) issued a notification regarding the exemption of provisions relating to the application of registration under the Central Goods and Services Tax Rules 2017. In rule 8 which relates “application of registration” the sub-rule 4A shall not apply in all the States and Union territories except the State of Gujarat. This provision pertains to furnishing of bio-metric information.
Govt. of Rajasthan extends its prior notification related to Input Tax Credit (ITC)
The notification relates to the manner of verification of deposit of tax for the purpose of allowing the Input Tax Credit (ITC). This relates to pending demands pertaining to assessment years up to 2017-18. It is applicable in those cases where the demands have been created for want of verification of Input Tax Credit claimed by a dealer.
CBIC issues new procedure to deal with the difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for FY 2017-18 and 2018-19
The proper officer shall first seek the details from the registered person regarding all the invoices on which ITC has been availed by the registered person in his FORM GSTR 3B but which are not reflected in his FORM GSTR 2A.
Himachal Pradesh Goods and Services Tax (Third Amendment) Rules, 2022
The Himachal Pradesh Excise and Taxation Department has published the Himachal Pradesh Goods and Services Tax (Third Amendment) Rules, 2022. The Rules were notified on 21st December, 2022. They are intended to amend the Himachal Pradesh Goods and Services Tax Rules, 2017. These amended rules shall come into force on December 21, 2022.
NPCI clarification regarding Account Verification Service and GST on Interchange Fees
NPCI submits claim letters to respective government entities on a monthly/quarterly basis. The department after scrutinizing the claim letters remits consolidated amount to NPCI (Switching Fees of NPCI along and Interchange Fees of the destination banks after deduction of TDS on GST or Income Tax if applicable). The amount thus received by NPCI is then distributed to the destination banks accordingly.
CBIC clarification regarding exemption to “light dues” collected by the Directorate General of Lighthouses and Lightships under the Lighthouse Act, 1927
There was a general practice of not levying service tax on the “light dues” collected by the Directorate General of Lighthouses and Lightships under the Lighthouse Act, 1927, and such service was liable to service tax for such period was not being paid.
CBIC extends the due date for filing GSTR 1
The time limit for furnishing the details of outward supplies in FORM GSTR-1 for the tax period November 2022, for the registered persons required to furnish monthly return whose principal place of business is in the districts of Chennai, Tiruvallur, Chengalpattu, Kanchipuram, Tiruvannamalai, Ranipet, Vellore, Villupuram, Cuddalore, Thiruvarur, Nagapattinam, Mayiladuthurai and Thanjavur in the State of Tamil Nadu, shall be extended till the thirteenth day of the month succeeding the said tax period.
CBIC suspends the requirement to credit deposits towards duty, interest, penalty, fee or any other sum payable under customs act to the electronic cash ledger of importer
Every deposit made towards duty, interest, penalty, fee or any other sum payable by a person under the provisions of this Act or under the Customs Tariff Act, 1975 or under any other law for the time being in force or the rules and regulations made thereunder, using authorised mode of payment shall, subject to such conditions and restrictions, be credited to the electronic cash ledger of such person, to be maintained in such manner, as may be prescribed. This requirement is suspended till 31st March, 2023.
Central Goods and Services Tax (Third Amendment) Rules, 2022
The amendment has revised the Form GSTR-9 used by registered tax payers to file annual return each financial year, to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc.
Department of revenue exempts certain rice products from customs duty for export
This exemption shall come into force on the 1st day of November, 2022.
