SC asks Centre to file affidavit on technical glitches in GSTN

The Supreme Court docket has requested the Centre to file an affidavit on technical glitches confronted by taxpayers whereas submitting varieties for transferring their enter tax credit score within the pre-goods and providers tax (GST) interval to the present GST system.

In 2019, the Punjab and Haryana Excessive Court docket held that the taxpayers won’t be denied to hold ahead their enter tax credit score pertaining to the pre-GST regime into the GST regime merely on account of delay in submitting of releavat GST varieties, specifically GST-TRAN1 and GST-TRAN2.

One of many main contentions put ahead by the taxpayers was that the related GST varieties couldn’t be filed resulting from technological glitches confronted on the GSTNetwork portal, Abhishek Jain, tax companion at EY, mentioned.

Submit the judgement, the Centre had filed a particular go away petition within the Supreme Court docket.

The apex court docket has now directed the federal government to file an affidavit answering the assertion concerning technical glitches and issues confronted whereas submitting these varieties, Jain mentioned.

“The trade is keenly ready for the Supreme Court docket’s remaining phrase on the difficulty

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Bharti Airtel buys Warburg Pincus’ 20% stake in DTH arm for Rs 3,126 crore

Bharti Airtel on Wednesday initiated step one to unlock the worth ofits digital companies by organising a particular committee of its boardof administrators.

Airtel mentioned the committee would consider varied choices for the re-organisation of companies and shareholding construction of the corporate and its varied subsidiaries to attain the required flexibility and sharper concentrate on digital and non-telecom companies. This, it mentioned, would allow any unlocking of enhanced worth for its stakeholders.

The corporate additionally introduced the acquisition of Warburg Pincus’s 20 per cent stake in its direct-to-home (DTH) arm.

Airtel, which is locked in a fierce competitors with Reliance Jio within the telecom area, goals to align the possession of its consumer-facing companies, with the Warburg Pincus transaction. Individually the Sunil Mittal-led firm is trying to scale up and monetise its digital companies, which embrace music streaming app Wynk, content material platform Xstream, cloud-based communication platform Airtel IQ, amongst others.

The digital belongings have round 190 million clients and contribute round Rs 100 crore in income yearly. The corporate hopes to extend it to over Rs 1,000 crore, Mittal mentioned in a current media interplay.


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Energy Outages, Water Shortages As Texas Shivers

Hundreds of thousands of individuals have been nonetheless with out energy on Wednesday in Texas, the oil and gasoline capital of america, and going through water shortages as an uncommon winter storm pummeled the southeastern a part of nation.

The Nationwide Climate Service (NWS) issued a winter storm warning for a swathe of the nation starting from east Texas to the East Coast state of Maryland.

Karla Perez and Esperanza Gonzalez heat up by a barbecue grill throughout energy outage attributable to the winter storm on February 16, 2021 in Houston, Texas

The NWS stated the storm would convey ice, sleet and heavy snow to components of Texas, Louisiana, Arkansas and Mississippi because it tracks to the northeast, inflicting energy outages, tree injury and making driving hazardous.

It stated an Arctic air mass was starting to lose its grip on an space of the nation not used to such excessive chilly however the frigid temperatures have been anticipated to proceed.

“Temperatures will nonetheless stay 20 to 35 levels (Fahrenheit) beneath regular all through the Plains, Mississippi Valley, and decrease Nice Lakes,” the NWS stated.

People wait in line at a mall to get inside an H-E-B supermarket in Round Rock, Texas, on February 16, 2021 as millions were left without power as a deadly winter storm gripped the southern and central United States

Folks wait in line at a mall to get

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