Ministry of Consumer Affairs issues notification on storing agricultural commodities.
The commodities requiring chemical or allied laboratory analysis, all AGMARK laboratories, all accredited laboratories notified by National Accreditation Board for Testing and Calibration and laboratories recognized by the Bureau of Indian Standards and Food Safety and Standards Authority of India are authorised for laboratory testing.
CBIC notifies the procedure for filing refund of unutilized ITC on account of export of electricity.
Export of electricity being zero-rated supply, refund of unutilized ITC on account of export of electricity would also be calculated using the same formula.
CBIC prescribes Manner of Re-credit in Electronic Credit Ledger using Form GST PMT-03A.
Till the time an automated functionality for handling such cases is developed on the portal, the taxpayer shall make a written request, in the prescribed format to jurisdictional proper officer to re-credit the amount equivalent to the amount of refund thus paid back through FORM GST DRC-03, to electronic credit ledger.
Clarification on various issue pertaining to GST
Perquisites provided by the employer to the employee in terms of contractual agreement entered into between the employer and the employee, will not be subjected to GST when the same are provided in terms of the contract between the employer and employee
CBIC clarification on penalty for fake invoice
In cases of wrongful/ fraudulent availment or utilization of input tax credit, or in cases of issuance of invoices without supply of goods or services or both, leading to wrongful availment or utilization of input tax credit or refund of tax, action under section 132 of the CGST Act shall be initiated.
CBIC clarification regarding furnishing information of inter-State supplies and amount of ineligible/blocked Input Tax Credit and reversal thereof in FORM GSTR-3B and FORM GSTR-1
The suppliers shall update their customer database properly with correct State name in the forms.
MOCI directs patentees and licensees to comply with the provisions of section 146(2) of the Patents Act, 1970.
As per section 146(2), every patentee and every licensee (whether exclusive or otherwise) shall furnish in such manner and form and at such intervals (not being less than six months) as may be prescribed statements as to the extent to which the patented invention has been worked on a commercial scale in India.
SEBI cautions public against fraudulent messages on money refund.
It has come to the notice of SEBI that unscrupulous individuals are trying to cheat public by holding out as officials of Recovery and Refund Department of SEBI and falsely informing them about refund of money in various cases through phone calls/ e-mails/ messages.
GSTN removes Negative Balance in Cash Ledger.
Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the cash ledgers had become negative, therefore the government has decided to nullify the negative balance.
ESIC extends Tamil Nadu Employees’ State Insurance (Medical Benefit) Rules, 1955 to Thoothukudi district
The benefits shall be extended to families of insured persons in the entire area of Thoothukudi district w.e.f 01/07/2022.
