A critical analysis of CBIC clarification on SC’s extension of limitation period under GST laws
- Blog|News|GST & Customs|
- < 1 minute
- By Taxmann
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- Last Updated on 27 July, 2021
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Owing to the recent unprecedented spike in COVID cases in recent times, the Supreme Court vide its order dated April 27, 2021 restored the earlier order had suo moto extended the period of calculating limitation w.e.f. March 15, 2020 till further orders. Now, recently CBIC issued Circular No. 157/13/2021-GST, clarifying on the applicability of extension of limitation in terms of Hon’ble Supreme Court’s Order in the context of GST laws.
This circular clarified that the Hon’ble Supreme Court’s decision would only apply to appeals/revision/rectification proceedings. In this article, the author analysed the implication of this circular and discussed whether it covers all the elements of the decision of the Hon’ble Supreme Court.
Read Full Article Here [6 Mins | Read Time]
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