Whether a SEZ unit, being a recipient of service, is eligible to claim refund of unutilized Input Tax Credit (ITC) – Yes – Madras High Court.
The competent authority ought to have condoned the delay for filing the returns, in view of with the onset of Pandemic Covid-19 and restored registration – Patna High Court.
The Relaxation of Validation (section 119 of the Finance Act, 2012) Rules, 2021 introduced for the purpose of settlement of retrospective tax cases.
Exemption granted to specified persons from requirement of furnishing ITR under section 139(1) for assessment year 2021-2022.
The Melt Blown Fabric of any GSM has been made freely exportable with immediate effect.
The export policy of all diagnostic kits and reagents (including instruments/apparatus) is being made “Free”.
The export of Syringes with or without Needles of denominations (i) 0.5 ml/ 1ml AD syringes (ii) 0.5 ml/1 ml/2 ml/3 ml disposable syringes and (iii) 1ml/2 ml/3 ml RUP Syringes has been put under Restricted category with immediate effect.