MM TAX CLUB

In exercise of the powers conferred by the proviso to sub-section (1) of section 37 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 83/2020 – Central Tax, dated the 10th November, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 699(E), dated the 10th November, 2020, namely: —

In the said notification, after the second proviso, the following proviso shall be inserted, namely:-

―Provided also that the time limit for furnishing the details of outward supplies in FORM GSTR-1 of the said rules for the tax period November, 2022, for the registered persons required to furnish return under subsection (1) of section 39 of the said Act whose principal place of business is in the districts of Chennai, Tiruvallur, Chengalpattu, Kancheepuram, Tiruvannamalai, Ranipet, Vellore, Villupuram, Cuddalore, Thiruvarur, Nagapattinam, Mayiladuthurai and Thanjavur in the State of Tamil Nadu, shall be extended till the thirteenth day of the month succeeding the said tax period.‖.

Shri Manoj Kumar, Chairman, Khadi and Village Industries Commission, Government of India distributed footwear manufacturing machine under Leather Pilot Project at Agra district and Honey bee boxes under 'Village Industry Development Scheme' at Barabanki Janpad, through digital mode on 13th December 2022.

The beneficiaries have been given 5days training to from two self-help groups "Vaishnav and Gyan" of Barabanki District, who were distributed 200 bee boxes and tool kits under the Honey Mission today.

On this occasion chairman KVIC had interaction with the beneficiaries about the problems related to beekeeping work and encouraged them to take forward the work of beekeeping in their region. Later feedback was also taken about them and they were encouraged to take forward the work they were doing.

In addition to this, he also distributed footwear machines and equipments under the Leather Craft Mission to 10 beneficiaries who had taken 50 days training at CFTI Agra in district Agra. while interacting with the beneficiaries Chairman took firsthand information from the beneficiaries regarding the training provided and motivated them to set up the leather industry by taking advantage of this project. Chairman also  emphasized on realizing the dream of the  Prime Minister of self-reliant India and creating new opportunities of self-employment through various schemes implemented by Khadi and Village Industries Commission.  Officials of State Office- Lucknow and Divisional Office, Meerut, representatives of Uttar Pradesh Khadi and Village Industries Board and CSIR were pr

The Union Minister of State for Consumer Affairs, Food and Public Distribution, Ms. Sadhvi Niranjan Jyoti in a written reply to a question in Lok Sabha today shared that in a normal sugar season, production of sugar is around 320-360 Lakh Metric Tonne (LMT) as against the domestic consumption of 260 LMT which used to result in huge carry over stock of sugar with mills. This excess stock used to lead to blockage of funds & affected the liquidity of sugar mills resulting in delayed payment of cane dues & resulting in accumulation of cane arrears. In order to find a long term solution to address the problem of excess sugar, Government is encouraging sugar mills to divert excess sugarcane to ethanol. Government has fixed target of 20% blending of fuel grade ethanol with petrol by 2025. In sugar seasons 2018-19, 2019-20, 2020-21& 2021-22 about 3.37, 9.26, 22 & 36 LMT of sugar respectively has been diverted to ethanol. In current sugar season 2022-23, about 45-50 LMT of excess sugar is targeted to be diverted to ethanol. By 2025, it is targeted to divert 60 LMT of excess sugar to ethanol, which would solve the problem of high inventories of sugar, improve liquidity of mills thereby help in timely payment of cane dues of farmers.

Also, with a view to improve the liquidity position of sugar mills and to enable them to make timely payment of cane dues of farmers, Central Government had taken various measures viz. extended assistance to sugar mills to facilitate export of sugar; extended assistance to mills for maintaining buffer stocks; extended soft loans to sugar mills through banks to clear cane price dues; fixed Minimum Selling Price of sugar etc.

 In sugar seasons 2019-20, 2020-21 & 2021-22 about 59.60 LMT, 70 LMT& 109 LMT of sugar was exported respectively.

As a result of these measures, financial conditions of sugar mills has improved and more than 99% of cane dues upto sugar seasons 2020-21 and 97.40% of cane dues for sugar season 2021-22 have been cleared.

With a view to support sugar sector and in the interest of sugarcane farmers, Government is encouraging sugar mills to divert excess sugarcane & sugar to ethanol. Government has allowed production of ethanol from B-Heavy molasses, sugarcane juice, sugar syrup and sugar and has also been fixing the remunerative ex-mill price of ethanol derived from various feed stocks. To achieve blending targets, Government is encouraging sugar mills and distilleries to enhance their distillation capacities for which Government is facilitating them to avail loans from banks for which interest subvention @ 6% or 50% of the interest charged by the banks whichever is lower is being borne by Government. As the revenues generated from sale of ethanol by sugar mills/distilleries reach to the accounts of sugar mills in around 3 weeks time as against 3-15 months time taken from sale of sugar, production of ethanol would improve liquidity of sugar mills enabling them to make timely payment of cane dues of sugarcane farmers.

In past three Ethanol Supply Years (December- November), revenue of about Rs. 48573 crore has been realized by sugar mills from the sale of ethanol to Oil Marketing Companies (OMCs), which has helped sugar mills/molasses based distilleries to make timely payment of cane dues of farmers.

The Union Minister of State for Consumer Affairs, Food and Public Distribution, Ms. Sadhvi Niranjan Jyoti in a written reply to a question in Lok Sabha today shared that through technology-driven One Nation One Ration Card (ONORC) system, all beneficiaries under National Food Security Act, 2013 (NFSA), particularly migrant beneficiaries, can lift their monthly entitled foodgrains, either in parts or full, from any electronic Point of Sale (ePoS) enabled Fair Price Shop (FPS) in the country by using their existing ration card or Aadhaar number with biometric authentication. Their family members back home, if any, may also lift the part/balance foodgrains on the same ration card.

 One Nation One Ration Card (ONORC) plan for nationwide portability of ration cards is implemented by this Department under the Central Sector Scheme i.e. Integrated Management of Public Distribution System (IM-PDS), which was sanctioned in April 2018 with total outlay of Rs. 127.3 Crore.  The scheme is extended till 31^st March 2023. So far, financial assistance of Rs. 46.86 Crore has been released to States/UTs, NIC/NICSI, etc. during last three financial years 2020-21 (Rs.12.65 crore), 2021-22 (Rs.23.76 crore) and 2022-23 (Rs. 10.45 crore).

The One Nation One Ration Card (ONORC) plan, for nation-wide portability of the National Food Security Act 2013 (NFSA) beneficiaries is presently enabled in all the 36 States/UTs across the country, covering entire NFSA population (around 80 Crore NFSA beneficiaries) in the country. Currently an average of nearly 3.5 crore portability transactions are being reported under ONORC every month in the country. So far, a total of 93.31 crore portability transactions have been recorded under ONORC.

A nationwide campaign has been carried out to create awareness among the NFSA beneficiaries about ONORC in different modes viz. 167 FM and 91 Community Radio stations, displaying audio visual spots at railway stations, banners, posters at outdoors and Fair Price Shops (FPSs), bus wraps apart from States/UTs employing their own means for such campaigns. The “Mera Ration” App, which is available in 13 languages, also has seen nearly 20 lakh downloads so far.

F. No. DGIT(S)-ADG(S)-3/e-Filing Notification/ Forms/2022/9227 dated 12^th December 2022

Partial relaxation with respect to electronic submission of Form 10F by select category of taxpayers in accordance with the DGIT (Systems) Notification No.3 of 2022.

Reference is invited to Notification No. 03/2022 dated 16th July 2022 issued by Directorate of Income Tax (Systems) New Delhi in exercise of powers conferred under Rule 131(1)/(2) of the Income-tax Rules mandating, inter alia, furnishing of Form 10F electronically.

2. On consideration of the practical challenge being faced by non-resident (NR) taxpayers not having PAN in making compliance as per the above notification, and with a view to mitigate genuine hardship to such taxpayers, it has been decided by the Competent Authority that such category of Non-resident taxpayers who are not having PAN and not required to have PAN as per relevant provisions of the Income-tax Act,1961 read with Income-tax Rules, 1962, are exempted from mandatory electronic filing of Form 10F till 31^st March 2023. For the sake of clarity, it is reiterated that such category of taxpayers may make statutory compliance of filing Form 10F till 31't March 2023 in manual form as was being done prior to issuance of the DGIT(Systems) Notification No. 3 of 2022.