Central Goods and Services Tax (Tenth Amendment) Rules, 2021

Last updated: 30 December 2021

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Quick Summary

The Central Goods and Services Tax (Tenth Amendment) Rules, 2021, introduce several key changes effective from January 1, 2022. These amendments refine rules concerning input tax credit, requiring details to be furnished in GSTR-1 and communicated via GSTR-2B. Deadlines for furnishing the annual return and self-certified reconciliation statement for the financial year 2020-2021 have been extended to February 28, 2022. The rules also update procedures for claiming refunds without a Unique Identity Number and clarify processes for the recovery of penalties through the sale of detained or seized goods and conveyances. Additionally, new forms and procedures for provisional attachment of property and objections have been introduced.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 40/2021 Central Tax Dated: 29th December, 2021 G.S.R. 902(E). -In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely: - 1. Short title and

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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FAQ :

Most of these rules come into force on January 1, 2022, with some provisions having retrospective effect from April 1, 2021.

From January 1, 2022, input tax credit can only be availed if the invoice or debit note details are furnished by the supplier in FORM GSTR-1 and communicated to the registered person in FORM GSTR-2B.

The annual return for the financial year 2020-2021 must be furnished on or before February 28, 2022.

If the penalty is not paid within fifteen days of receiving the order, the proper officer can proceed with the sale or disposal of the detained or seized goods or conveyance through auction, including e-auction.

Proceeds are first used for recovery costs, then for the penalty amount, followed by any other dues from the defaulter. Any balance is credited to the owner's electronic cash ledger or bank account.

An objection against a provisional attachment can now be filed in FORM GST DRC-22A, providing facts and circumstances supporting the objection, along with necessary documents.

Notification No : 40/2021 - Central Tax
Source : https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-40-central-tax-english-2021.pdf

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