Taxcharcha
GSTLatest

CBIC issues clarification on various topics

CBIC vide Circular No. 172/04/2022-GST has issued the clarification on various issues which are as follows:-

  1. Refund claimed by the recipients of supplies regarded as deemed export
  2. Clarification on various issues of section 17(5) of the CGST Act
  3. Perquisites provided by employer to the employees as per contractual agreement
  4. Utilisation of the amounts available in the electronic credit ledger and the electronic cash ledger for payment of tax and other liabilities

To access the circular, click here

Related posts

MCA amended Companies (Prospectus and Allotment of Securities) Second Amendment Rules dated 07/08/2018

Team Taxcharcha

GSTR 2B available on GST portal for April 2022

Team Taxcharcha

The assessee can be taxed only on the gain which is oozing out from the sale consideration, thus, no adverse inference can be drawn while invoking the provision of section 50C of the Act. – Bombay High Court

Team Taxcharcha