The Uttar Pradesh cabinet on Tuesday approved draft of Uttar Pradesh Goods and Services Tax (Amendment) Bill 2022 to give relief to small tax payers (using settlement scheme) who fail to file tax returns. The amendment provides for extending the period of cancellation of registration up to three months after the end of respective financial year.
Chief minister Yogi Adityanath presided over the meeting of state cabinet that approved the draft bill and the state government proposes to get the same passed in the monsoon session of the state legislature scheduled to commence on September 19, 2022.
Source a2ztaxcorp
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
