GST NEWS BULLETIN

CBIC issued Advisory for taxpayers on GSTR 2B

CBIC has issued an advisory dated 18-10-2021, for the taxpayers regarding auto drafted ITC statement-GSTR 2B. Advisory has been issued on following points: -

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CBIC issued advisory on availability of Input Tax credit of Financial Year 2020-2021

CBIC has issued the following advisory on availability of Input tax credit of Financial Year 20-21: -

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Guidelines for PLI Scheme for Speciality Steel Notified

Press release has been issued by Union Cabinet whereby it is communicated that guidelines for an effective operation and smooth implementation of PLI Scheme have been notified on 20th Oct 2021 on the website of Ministry of Steel. Production-Linked Incentive Scheme for Specialty Steel was notified on 29th July 2021 & Subsequent to the notification, Steel Ministry held consultation with the industry. Based on feedback received, and on the basis of the scheme notified earlier, rules to implement the scheme were prepared in the form of guidelines.

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