Highlights of 43rd GST Council Meeting

 18,337 total views

 Highlights of 43rd GST Council Meeting

 

 

  • Proviso to section 50 on interest recovery shall be given retrospective effect i.e. from 01.07.2017.

  • Section 112 of Finance Act 2021 shall come into effect from 01.10.2021. It provides for the amendment to section 168 of CGST Act, whereby powers have been given to the jurisdictional commissioner for issuance of instructions and directions.

  •  Rationalisation of late fees has been accepted.

  • Amnesty scheme for waiver of late fees for the assessees who have not filed the prior period returns.


Income Tax Act on Your Mobile Now Android Application For Income Tax Act – 1961 with Cost Inflation Index and other tools on Mobile now at following link:

 

Whatsapp Group at                  

  • https://chat.whatsapp.com/FQPLTdT6e6dJhZP2ARog2w
  • https://chat.whatsapp.com/8vOwtwGAKJ8K7GUsRszw98

Leave a Comment

Your email address will not be published.

the taxtalk

online portal for tax news, update, judgment, article, circular, income tax, gst, notification Simplifying the tax and tax laws is the main motto of the team tax talk, solving