LATE FEE FOR DELAY IN GST FILING FORM GSTR-4 FOR FY 2021-22 WAIVED

New E-Advance Rulings Scheme 2022 - CBDT Notification No. 07/2022

• The Ministry of Finance announced the E-Advance Rulings Scheme 2022 in a notification dated January 18, 2022. Taxpayers can now ask for advance rulings by e-mail under the new e-advance rulings scheme. Notably, the case's personal hearing will be held via video conference as well.

E-Advance Rulings Scheme 2022

• Advance judgments give designated taxpayers and non-residents prior clarification on the taxability or non-taxability of transactions in India under the Income Tax Act. The Ministry of Finance announced the E-Advance Rulings Scheme 2022 in a notification dated January 18, 2022.
• Taxpayers can now ask for advance rulings by e-mail under the new e-advance rulings scheme. Notably, the case's personal hearing will be held via video conference as well.
• The e-advance rulings concept is more likely to assist applicants who live outside of India because the entire process will be conducted electronically. The following article is a synopsis of the complete system.

• The CBIC issued Notification No. 07/2022-Central Tax on the 26th of May 2022, waiving the late fees due under section 47 of the CGST Act for late filing of GST FORM GSTR-4 for the Financial Year 2021-22 from the 1st of May to the 30th of June 2022.

The detailed notification can be seen in the attachment below.

Disclaimer: The content of this post isn't considered to be professional or legal advice, We aren't responsible for any damages arising from your access to the location content & must not be relied on or used as a substitute for legal advice from a lawyer professional in your jurisdiction. CARajput is among India's big digital compliance services platform which committed to helping people have started & developed their businesses. We had started with the goal of creating it easier for start-ups to start out their business. Our main aim is to assist the businessman with applicable laws & regulations compliance and providing support at each & every level to make sure the business stays compliant and growing continuously. For any query, help or feedback you may in touch on singh@carajput.com or Call or what’s-up on 9-555-555-480