HomeNewsletterApril, 2022 – Issue No. II

April, 2022 – Issue No. II

GST

Circular No. 135/2020-GST dated 31.03.2020 is imposing restrictions for benefits allowed under the Act – Refund to be allowed – Calcutta High Court.GST dues allowed to be repaid in 48 monthly instalments so that the taxpayer can remain in business – Gauhati High Court.

INCOME TAX

CBDT modifies provisions related to Infrastructure Debt Fund.

CBDT notifies e-Dispute Resolution Scheme, 2022. Dispute Resolution Committee to be constituted.

SEZ LAWS
Time limit modified for return of goods taken out of SEZ for sub-contracting in the case of gems and jewellery unit.
DGFT

Validity of the existing Hand Book of Procedures, 2015-20 is extended upto 30th September, 2022.

COMPANY LAWS

The following particulars of the register/ index/return of the members of a company shall not be made available for any inspection:

  1. address or registered address (in case of a body corporate);
  2. e-mail ID;
  3. Unique Identification Number;
  4. PAN Number.

Prior Nidhi declaration by Central Government is mandatory for incorporation of Nidhi Company.

INSOLVENCY LAWS

IBBI has reduced timelines for activities under Voluntary Liquidation Process to speed up the process.

The Indian Tax Advisors