https://www.taxtmi.com/article/detailed?id=10523 CBIC notifications implement GST Council decisions: Finance Act amendments permit transfer of electronic cash ledger balances between distinct persons and confirm that interest on wrongly availed input tax credit is payable only when the credit is utilized. The package exempts small taxpayers from filing the annual return, extends reliefs and due dates for composition taxpayers, excludes the Covid-affected period from limitation computations for certain recovery and refund processes, and amends CGST Rules and forms on credit re credit, interest calculation, refunds and other compliance mechanisms. en-us Thu, 14 Jul 2022 11:26:24 +0530 Thu, 14 Jul 2022 11:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10523 CBIC notifications implement GST Council decisions: Finance Act amendments permit transfer of electronic cash ledger balances between distinct persons and confirm that interest on wrongly availed input tax credit is payable only when the credit is utilized. The package exempts small taxpayers from filing the annual return, extends reliefs and due dates for composition taxpayers, excludes the Covid-affected period from limitation computations for certain recovery and refund processes, and amends CGST Rules and forms on credit re credit, interest calculation, refunds and other compliance mechanisms. Articles Goods and Services Tax - GST Thu, 14 Jul 2022 11:26:24 +0530 https://www.taxtmi.com/article/detailed?id=10523