Grant Thornton TaxPod – February 2022

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About TaxPod

The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past month in a few minutes. Please do provide your feedback to us about this edition of the taxpod at nto@in.gt.com.

What’s new

  • Finance Minister tables the Union Budget 2022.
  • Finance Bill 2022 introduces tax on virtual digital assets, such as cryptocurrencies and non-fungible tokens
  • Bombay High Court allows extended period of limitation for the Goods and Services Tax (GST) refund applications.

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