Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
The Finance Minister presented the Union Budget of 2022 in the wake of highest recorded tax collections of 1.38 lakh crores through GST revenues. The Union Budget has proposed certain changes in GST law by making amendments in the GST laws to propel the lofty goals of ‘Aatmnirbhar Bharat’ and ‘Make in India’. Following is the list of changes in GST law that were presented through the Finance Bill, 2022.
The Finance Bill, 2022 has made following changes under indirect taxation:
For those taxpayers who are not covered under the above mentioned composition scheme, the current period of six months consecutive default in filing of annual returns has been replaced with such consecutive tax period that shall be prescribed.
The Finance Minister announced the budget with buoyant tax collections and applauded the taxpayers for contributions made to the coffers. However, the changes in GST law reflect stricter compliances and attempts have been made that possible loopholes are plugged. Though facilitation has been provided to the taxpayers in deploying their funds, but at the same time it is ensured that taxpayers follow compliances strictly.
Read our Article:All you need to know about GST emSigner
Are your GAIL India Limited shares now eligible for transfer to the IEPF Authority, or have the...
India's financial sector is changing due to advancements in technology and new regulations. GIF...
The Indian startup ecosystem, which is the third-largest in the world, is expected to become a...
India's startup ecosystem has recently experienced a rapid rise as a global powerhouse. Several...
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced several changes to the...
Are you human?: 8 + 3 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Merger and Acquisition involves a process of combining two companies into one single entity known as business conso...
20 Mar, 2021
The 36th GST council meeting concluded with important updates as on 25th July 2019. The Finance Minister Nirmala Si...
22 Mar, 2021