Revision of TRAN-1 permitted – If there is substantial compliance, benefit of Input Tax Credit which is a beneficial scheme and framed with the larger public interest of bringing down the cascading effect of multiple taxes ought not to be frustrated on the ground of technicalities – Madras High Court.
Guidelines issued on TDS/TCS under Section 194O, section 194Q & Section 206C.
New Form 52A introduced – Statement to be furnished to the Assessing Officer in respect of production of a cinematograph film.
Import or export of rough diamonds shall not be permitted unless the concerned importer and exporter is registered with G&JEPC.
Filing of list of stakeholders/creditors – to be filed in revised format after removing Identification number to protect sensitive data such as Aadhaar number/PAN card details.