Fineprint Vol.2 2022

Inflation is taking all the countries by storm due to the supply shock – owing to the Ukraine-Russia dispute and regeneration of Covid cases in Asia, lately. 

According to the experts, it might take two years for inflation to cave in. 

In this monthly newsletter, we have discussed how the merchandise exports have performed well and the Indian services sector has enlarged. 

Landmark policy decision to indigenize weapons and platforms to quicken AtmaNirbhar Bharat (Self-Reliant India) scheme. 

Under Direct taxes, notification of faceless jurisdiction, allows Income-tax Authorities to conduct in a faceless manner making e-assessments. 

Under Indirect taxes, exempting engaged person from taking registrations in the exclusive supply of goods. 

Extension of date till 31st May 2022 for submission of form CSR.