Gist of CBIC notifications dated 5th July 2022

CS Advocate Abhishek Goyal | Last updated: 07 July 2022

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Following the recent GST Council meeting, the CBIC has released several notifications on 5th July 2022 to implement recommendations. These include amendments to CGST rules via notification 14/2022, and extensions for GSTR-4 filing for FY 20-21, along with late fee waivers, as detailed in notifications 13/2022 and 12/2022. The core changes from these important notifications are summarised for easier understanding.

In compliance of recently concluded GST Council meeting and recommendations made by the Council therein, the CBIC has issued various notifications to give effect to some of those recommendations on 05.07.2022.

We know that GST Council in its 47th meeting has made various observations and recommendations right from rate rationalization to ease of compliances. The Council also recommended CBIC to come up with few clarifications on various issues under GST.

CBIC Notifications 5th July 2022: Key GST Changes Explained

In the first phase, the CBIC has accordingly issued notifications. Among these, Notification no 14/2022 makes amendments to CGST rules.

Similarly, notification no 13/2022 and 12/2022 pertains to date extensions and waiver of late fees in case of GSTR-4 for FY 20-21.

A crux of the important changes brought out by the notifications issued on 5th July 2022 are provided in the Youtube video, the link of which is given below:

You can find the key amendments made in these notifications in easy-to-understand language.

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About the Author

CS Advocate Abhishek Goyal

M Com FCS LLB M-AIMA

M.Com., FCS, LLB, M-AIMA, enrolled GST practitioner and tax consultantfrom Rajasthan having 12 years of experience in the field of income tax, GST and corporate law matters.

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