May, 2022 – Issue No. III


GST on flats – Deduction of 1/3rd of total consideration towards the value of land is ultra-vires the provisions as well as the scheme of the GST Acts. Application of such mandatory uniform rate of deduction is discriminatory, arbitrary, and violative of Article 14 of the Constitution of India – Guj HC.

Genuine mistake in filling Form GST TRAN-1 should not prevent the assessee from claiming legitimate credit – Ker HC.


CBDT amends Form 3CF, Form 10A, Form 10AB, Form 10BD and Form 10BE.

CBDT introduces Rules for mandatory quoting of PAN and Aadhaar for certain transactions.


MCA allows companies to conduct their EGMs though Video Conference (VC) or Other Audio Visual Means (OAVM) or transact items through postal ballot in accordance with framework provided in the aforesaid Circulars up to 31st December, 2022.


The expert policy of wheat is “Prohibited” with immediate effect. Export to be allowed under certain conditions.

The Export Policy of Onion Seeds has been put under ‘Restricted’ category, with immediate effect.

A new RoDTEP schedule (Appendix 4R) has been notified for implementation with effect from 01.01.2022 after aligning the earlier schedule with the Customs tariff Schedule as per Finance Act, 2021.

The Indian Tax Advisors