Analysis of Changes Effective from 01-01-2022

In the recent days, CBIC has come up with certain changes that are effective from 1st January 2022. These changes involves changes made effective in CGST Rules, 2017, changes made in rate of tax on various goods or services. Apart from these changes, the amendment made in CGST Act, 2017 through Finance Act, 2021 are also effective from 01-01-2022. Some of these changes brings the decent relaxations under GST laws and some of them provides a comprehension how the GST law could be proved to be a draconian law for the taxpayer. These amendments can be analyzed in four parts; Read more...