In this Weekly Bulletin, we have captured following:

Rulings

• Blocking of Electronic Credit Ledger under Rule 86A
• Refund of ITC under inverted duty structure where input and output supplies are same
• Refund of amount deposited by customer in Electronic Cash Ledger under garnishee proceedings
• Taxability of bundle of healthcare, accommodation and food services

Other Updates

• Standard Operating Procedure for scrutiny of returns for FY 2017-18 and 2018-19
• Finance Act, 2022 has received Presidential assent on March 30, 2022
• DGFT has extended the operation of Foreign Trade Policy, 2015-2020 till September 30, 2022

Please click on the below link to NITYA | Indirect Tax Bulletin | March 2022 | Week 4 (Legal Precedents, Other Updates and Recent News) covering all recent updates.

NITYA I IDT Bulletin I March I Week 4

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