GST changes effective 1st January,2021

Last updated: 27 January 2021
Quick Summary
This document outlines key changes to GST compliances and rules, effective from 1st January 2021, stemming from the Finance Act 2020. It covers amendments to the composition scheme, time limits for GST credit on debit notes, voluntary registration cancellation, and extensions for revocation. It also details changes in powers to specify tax invoice issuance for services, penalties for fake invoices, and restrictions on availment of Input Tax Credit (ITC). Furthermore, it explains the mandatory 1% payment from the cash ledger, suspension of registration conditions, and new procedures for registrations including physical and Aadhaar-based biometric verification. Finally, it addresses restrictions on filing GSTR1 and changes in e-waybill time periods. This information is crucial for businesses and tax professionals to ensure compliance.

File details
PDF 734 KB 0 downloads GST
File description
GST changes effective 1st January,2021 #pdf
Download PDF 734 KB Like
Submitted by · Posted 27 January 2021 · Other files by Lekhraj sood · Report
Comments

Recent Files in GST

View more →
PDF

FAQs on Voluntary Closure of e-Way Bill: Business Scenarios, API Impact and Portal Behaviour

03 July 2026 Download
PDF

FAQs on Bill-to/Ship-to Transactions, Export Scenarios and API Impact

03 July 2026 Download
PDF

GSTN: Enhancements in the e-Way Bill (EWB) Portal

22 May 2026 Download
PDF

ICAI issues GST Act(s) and Rule(s) Bare Law - April 2026 Edition

20 May 2026 Download
PDF

Handbook on GST Department Audit

16 January 2026 Download
PDF

Handbook on IMS under GST

16 January 2026 Download

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member BIBIN KUMARBIBIN KUMARPro Member Super Vk ChariSuper Vk ChariPro Member SuhasiniSuhasiniPro Member J.VijaiJ.VijaiPro Member Bharat UgileBharat Ugile
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. CA Intermediate Advanced Accounting Question Paper New Course September 2026
  2. Performance of Private Corporate Business Sector during Q1:2026-27
  3. 5 Years of e-Shram Portal
  4. RBI Data on Forex Inflows
  5. ICAI Members' Journal - September 2026
  6. ICAI Students' Journal - September 2026
  7. RTPs for CA Final Nov 2026 Exams
  8. PAN Card Correction Form For Non-Individual
  9. User Manual of UDIN Portal for ICAI DigiCA Platform
  10. PAN Card Correction Form For Individual

Latest Job Openings

View all
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details