News Update

Biden to extend support to African Union to become member of G-20Kerala HC rules couples need not stay separately for a year for securing divorce by mutual consentISRO successfully test-fires vehicle trial for hypersonic weapons10 coal miners perish in Indonesian mine blastGovt allows import of oranges through Kulkuli LCSSEZ rules amended to liberalize Work From HomeGermany unearths two ‘police stations’ in Chinese embassyBSNL losses since inception is Rs 57600 Cr: MoSHK amends Anti-Money Laundering Act to include CryptoBJP MP introduces Uniform Civil Code Bill in Rajya SabhaGovt to float Draft Digital Bill replacing IT Act, 2000 by Dec-endGST - No provision in law debarring officer from passing a single assessment order for IGST/SGST/CGST - No prejudice shown by assessee due to such assessment: HCUK imposes sanctions on 30 persons around world for human rights abuseGST - While quashing the notice, it is being directed that authority concerned would be permitted to issue detailed notice and avail the opportunity of hearing to other side: HCGST - Pendency of proceedings is a sine qua non for exercise of powers u/s 83 - Summons issued only on 21st January, therefore, issuance of bank a/c attachment order on 06th January is illegal: HCAuto sector sales jump by 26% in Nov monthMassive fire at Moscow shopping centre, ‘Arson’ suspectedRooftop Solar Programme extended till March 31Govt permits WFH to IT units in SEZ till Dec 2023I-T- Notice issued u/s 148 prior to 1st April, 2021 seeking to reopen assessment issued more than 6 years after the end of relevant AY should be quashed : HCAmerican SEC directs public companies to disclose crypto risksMexico to grant asylum to Peru’s booted out PresidentOh GST! You have indeed turned into a fantastic 'beast' in 5 yrs!CBDT issues detailed circular on TDS u/s 192 for FY 2022-23Cancel GST Registration
Untitled Document

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
NEW DELHI

NOTIFICATION NO

01/2022-Compensation Cess, Dated: June 24, 2022

G.S.R. 468(E).- In exercise of the powers conferred by sub-section (2) of section 12 read with section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017), the Central Government on the recommendations of the Council hereby makes the following rules, namely:-

Short title and
commencement.-

1. (1) These rules may be called the Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022.

(2) They shall come into force with effect from the 1st day of July, 2022.

Period for levy
and collection of
Cess.-
2. The period for levy and collection of cess under sub-section (1) of section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 shall be upto the
31st March, 2026.

[F. No. S-31011/11/2022-ST-II-DOR]

(Mahendra Nath)
Under Secy.

TIOL Tube Latest

TIOL Tax Congress - 1st Technical Session - Beyond ABC of DE (Digital Economy)



TIOL Tax Congress - 2nd Technical Session - New Income Tax Code - Are we running behind the Clock?




TIOL Tax Congress - 3rd Technical Session - Automated tax compliance - Managing big data -Tax revenue for Govt. & Insights for big corporate decisions