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E-GST MAGAZINE UPDATE MONTH OF FEB-2022- PUBLISH DATE 21.02.2022

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E-GST MAGAZINE UPDATE MONTH OF FEB-2022
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Legal Tax Guru Publications
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2025 Edition
Total Pages
450 Pages
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Language
English & Hindi Digest
ISBN / Code
978-93-89089251
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E-GST MAGAZINE UPDATE MONTH OF FEB-2022

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S.No CONTENTS Page No.
1. Important GST and Other Due Date Calendar 5-6
2. Union Budget 2022 proposed amendments to the Central Goods and Services Tax (CGST) Act
  • Amendment of section 16: - Amendment in provisions of Input Tax Credit
  • Amendment of section 29: - Amendments in provisions of Cancellation of GST Registration
  • Amendment of section 34: - Extension of Time limit of issue of credit notes
  •  Amendment of section 37: - Amendment in Form GSTR-1 provisions
  • Substitution of new section for section 38: - Input Tax Credit can be availed which is not restricted as per GSTR-2B
  • Amendment of section 39: - Amendment in FormGSTR-3B provisions
  • Substitution of new section for section 41: - Subsituted Section 41 for “claim” of ITC on a “provisional” basis and to provide for availment of self-assessed input tax credit
  • Omission of sections 42, 43 and 43A: - Sections 42, 43 and 43A are being omitted so as to do away with two-way communication process in return filing
  • Amendment of section 47: -Late fee shall be levied in case of non-filing of GSTR-8 (TCS returns under section 52)
  • Amendment of section 48.
  •  Amendment of section 49: - Amendment in provisions regarding Payment of Tax- Electronic Credit Ledger
  •  Amendment of section 50. Interest to be levied on ITC wrongly availed and utilized Reduction in rate of interest u/s 50(3)
  • Amendment of section 52: - Extended time limit for rectification of Form-GSTR-8
  • Amendment of section 54: - Amendment in GST Refund provisions u/s 54
  •  Amendment of section 168.
  • Amend. of notification issued under sec. 146 of CGST Act read with section 20 of IGST Act.
  • Amend. of notification issued under sub-sections (1) and (3) of sec. 50, sub-section (12) of Sec. 54 and of CGST Act, retrospectively.
  • Retrospective exemption from, or levy or collection of, central tax in certain cases.
  • Retrospective effect to notification issued under sub-section (2) of section 7 of CGST Act.
7-18
3. New Functionalities made available for Taxpayers for the Month of January, 2022 on GST Portal
  • Registration
  • Returns
  • Refund
  • Payments
19-24
4. Important point works contract of Construction of a complex, building, civil structure Etc  under GST             (Input Tax Credit not available on some works contract with AAR)
  • What is a works contract?
  • Position under GST
  • Input Tax Credit not available on some works contract with AAR
  • Case Name: In re Ashish Arvind Hansoti (GST AAR Maharashtra)
  • Case Name: -Tianyin Worldtech India Private Limited (GST AAR Uttar Pradesh)
  • Case Name : In re Deccan Wheels (GST AAR Maharashtra)
  • Rate of GST
25-29
5. Important Case Laws/ Advance Ruling Month of Jan to Feb 2022
  • Case Name: M/s. The Poona Club Ltd. (GST AAR Maharashtra): - MEMBERSHIP FEE, ANNUAL SUBSCRIPTION AND ANNUAL FEE COLLECTED FROM MEMBERS IS LIABLE TO GST
  • Case Name: M/s. Maanicare System India Pvt. Ltd. (GST AAR Maharashtra):- GST PAID UNDER REVERSE CHARGE MECHANISM FOR HIRING OF BUSES FOR TRANSPORTATION OF EMPLOYEES IS ELIGIBLE FOR ITC
  • Case Name: M/s.  Sir J J College of Architecture Consultancy Cell (GST    AAR Maharashtra): - COMPREHENSIVE ARCHITECTURAL SERVICES SUBJECT TO EXEMPTION UNDER GST VIDE NOTIFICATION NO.12/2017
  • Case Name: In re Manupatra Information Solutions Private Limited (GST AAR Uttar Pradesh): - GST exemption not available on online database, online books, newspapers, directories & non-educational journals
 
30-33

About This Publication

E-GST MAGAZINE UPDATE MONTH OF FEB-2022- PUBLISH DATE 21.02.2022 provides comprehensive judicial commentaries, High Court and Supreme Court landmark rulings, CBIC/CBDT notifications, and direct practical guidance for Tax Advocates, Chartered Accountants, and Corporate Counsel.

Key Highlights & Practice Areas Covered

  • Detailed GST Due Date Calendar and compliance checklists for timely return filings.
  • Analysis of high-stake judicial pronouncements by High Courts & Appellate Authorities for Advance Ruling (AAR).
  • Section-wise commentaries on statutory amendments, Input Tax Credit (ITC) restrictions, and penalty mitigation.
  • Corporate fraud defense, PMLA jurisprudence, and prosecution provisions under direct & indirect tax statutes.

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Compiled and vetted by senior tax litigators and chartered tax advisors at Legal Tax Guru Press. For editorial queries, corrections, or manuscript contributions, reach out to editorial@legaltaxguru.com.

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