India: GST common portal opening extended to file or revise Forms TRAN-1 and TRAN-2 (Supreme Court decision)

Supreme Court extended the time for opening GST common portal to 31 October 2022

Supreme Court extended the time for opening GST common portal to 31 October 2022

The Supreme Court has extended the time for opening the goods and services tax (GST) common portal for a further period of four weeks to 31 October 2022. Accordingly, Forms GST TRAN-1 and TRAN-2 can be filed between the period 1 October 2022 to 30 November 2022.

In compliance to the direction of the Supreme Court, the Central Board of Indirect Taxes and Customs has issued a circular clarifying the procedural aspects for filing or revising Forms TRAN-1 and TRAN-2. The circular also states that filing or revising Forms TRAN-1 and TRAN-2 is a one-time opportunity.

Read an October 2022 report [PDF 273 KB] prepared by the KPMG member firm in India

Other tax-related developments concern:

  • Interest on income-tax refund received by a Dutch company is not taxable in India in view of the most-favored nation (MFN) clause under the India-Netherlands tax treaty.
  • Reassessment proceedings for AY 2013-14 were not time-barred as the original reassessment notice was issued under the extended period of limitation.
  • An Indian entity is not liable to deduct tax at source on fare disbursed to drivers.
  • The benefit of Section 10AA is available on the sale of vaccines to UNICEF for its projects in India.
  • CBDT releases additional guidelines to remove difficulties for deduction of tax under Section 194R.
  • CBDT notifies ITR-A for filing modified return pursuant to business reorganization.
  • A circular stated that refund would be allowed in cases when an income tax credit is accumulated due to supply at concessional rate of GST has retrospective effect as it is clarificatory in nature.
  • Income tax credit is not available on vouchers procured from a third-party vendor for the redemption of loyalty points (advance ruling).
  • Central Goods and Services Tax Act, 2017 provisions notified.


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