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Blocking of filing of GSTR 1 if GSTR 3B is pending
GSTN portal has implemented Rule-59(6) of the CGST Rules, 2017 with immediate effect. As per Notification No. 35/2021 - Central Tax dated 24th September 2021, clause (a) of the sub-rule (6) of Rule 59 of CGST Rules, 2017 was amended.
Important changes in GST w.e.f 1st January 2022
Central Government has brought into effect the provisions of Finance Act, 2021 effective from 1st January, 2022. In the Budget of 2021-22, changes in Finance Bill,2021 were proposed to make changes in CGST Act, 2017.
Key Actionable Items for FY 2020-21 before September 2021 returns
We have prepared various scenarios wherein taxpayers may have erred in furnishing details in returns for 2020-21 and methodology to rectify the same in GSTR 1 or GSTR 3B of September 2021 Returns.
Restriction in filing of GSTR 1 for non filing of GSTR 3B
Rule-59(6) of CGST Rules, 2017, inserted vide Notification No. 1/2021, provides for restriction in the filing of GSTR-1 in certain cases. It is being made operational on the GST Portal from 1st September 2021.
Blocking of E-Way Bill (EWB) generation facility to resume after 15th August 2021
GSTN had issued an advisory that non filing of GST Returns may lead to blocking of the E-Way Bill facility. This was kept on hold due to the ongoing pandemic and the same is set to return from 15th August 2021.
New functionality for Aggregate Turnover deployed on GST Portal
Taxpayers can now see the exact Annual Aggregate Turnover for the previous FY, instead of just two slabs of above or upto Rs. 5 Cr. They can also see AATO of the current FY based on the returns filed to date.
GST Portal | Functionality to check and update bank account details
A functionality to check the status of bank account details update for the taxpayers who have taken new registration at GST Portal but have not yet furnished the same has been introduced.
Extension of limitation under GST Law in terms of Order of the SC dated 27th April 2021 - A Clarification
CBIC has issued a Circular No 157/13/2021-GST dated 20th July 2021 clarifying the extension of limitation for various actions under the GST Laws pursuant to SC's Order dated 27th April 2021.
Clarification on GST on certain goods and services
In the 43rd GST Council Meeting held on 28th May 2021, the council had recommended some clarifications to be issued on GST Rate of certain goods and services.
GST Rate reduction related to Covid related goods
Pursuant to the GST Council recommendations in their 44th meeting held on 12th June 2021, CBIC has issued notifications relaxing the GST rate on goods being used in COVID-19 relief and management.
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