August, 2022 – Issue No. V

GST ­­

Petitioner’s recipient units can file revised declaration in Form GST TRAN 1, either electronically or manually (where electronically is not possible), for taking the credit already distributed to them by the ISD unit of Petitioner by issuing invoices – BOMBAY HIGH COURT.


Procedure for compounding of offenses simplified.

Customs duty on Display Assembly of a cellular mobile phone- clarification issued.


Foreign Exchange Management (Overseas Investment) Rules, 2022 notified.

Foreign Exchange Management (Overseas Investment) Regulations, 2022 notified.

The Indian Tax Advisors