NITYA | Indirect Tax Bulletin | January 2022 | Week 1

by | Jan 14, 2022 | Indirect Tax Bulletin

With the onset of new year, we are exhilarated to present our transformed Weekly Bulletin which is crisp, precise and more reader-friendly. New Weekly Bulletin will keep you abreast on all latest tax updates as you go about your Friday morning coffee!! Having said that, what has not changed is our zeal to dive deep into the issues and present our unbiased analysis on them. We sincerely hope that our efforts add value to you.

In this Weekly Bulletin, we have captured following:


 Extension of limitation period by Supreme Court considering third wave of COVID-19

  • Rejection of SGST reimbursement claim basis retrospective amendment of IPR, 2007
  • Mandatory requirement to furnish Electricity bill as proof of principal place of business
  • Additional Commissioner as ‘Proper Officer’ to issue SCN
  • Validity of order passed under Section 73 or 74 without granting personal hearing.
  • GST on trading of vouchers including gift vouchers, cashback vouchers etc.
  • Time of supply for payment of GST on upfront advance adjusted against future dues

Other important updates

  • Amendments in the CGST Rules, 2017
  • Guidelines for recovery proceedings under Section 79 of the CGST Act, 2017
  • Interest calculator in GSTR-3B
  • Extension of time limit for filing applications for duty credit scrips

Please click on the below link to NITYA | Indirect Tax Bulletin | January 2022 | Week 1.

NITYA I Indirect Tax Bulletin I January 2022 I Week 1

Hope you find this an interesting read! Please feel free to share your comments / feedback.