Delegated rulemaking empowers tax authorities to prescribe electronic payment, authentication and reporting rules for tax compliance. The Bill delegates rulemaking authority to prescribe forms, manner, time limits and conditions for recognition of electronic payment modes, authentication and verification of identity, and treatment of electronically received consideration for tax computation, deductions and exemptions under direct and indirect tax laws; it also empowers rules for return and statement filing, electronic cash ledger transfers and refunds, appellate procedures, and enhanced due diligence and monitoring obligations for specified transactions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Delegated rulemaking empowers tax authorities to prescribe electronic payment, authentication and reporting rules for tax compliance.
The Bill delegates rulemaking authority to prescribe forms, manner, time limits and conditions for recognition of electronic payment modes, authentication and verification of identity, and treatment of electronically received consideration for tax computation, deductions and exemptions under direct and indirect tax laws; it also empowers rules for return and statement filing, electronic cash ledger transfers and refunds, appellate procedures, and enhanced due diligence and monitoring obligations for specified transactions.
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