We would like to inform you that CBIC has notified the specific provisions to be effective from 1st January 2022.
We have summarized a few of them below.
1. Blocking of GSTR-1 for non-filing of GSTR 3B.
The GSTR-1 return filing facility will be blocked if you have not submitted the return in FORM GSTR-3B for the previous two return periods. For example, if a taxpayer has not filed GSTR-3B for October 2021 and November 2021, the GSTR-1 filing facility will be blocked from the 1st January 2022.
2. Aadhaar authentication is compulsory.
The Central Board of Indirect Taxes and Customs (CBIC) has notified that Rules related to Mandatory Aadhaar authentication for
a. Filing of application for revocation of cancellation of registration in Form GST REG-21 under Rule 23;
b. Filing of refund application in Form RFD-01 under rule 89;
c. Refund under Rule 96 of the IGST paid on goods exported out of India;
3. The pre-deposit amount for filing Ewaybill Appeal increased from 10% to 25%.
It will not make much difference as the goods are not released by the Intercepting Officer without payment of total tax and penalty. However, it will affect those who will get the goods released by giving security.
4. Time limit specified for the issue of Notice and Order in case of E-Way Bill Proceeding.
The Intercepting Officer detaining or seizing goods or conveyance shall issue a notice within 7 days of such detention or seizure, specifying the penalty payable. After that, pass an Order within 7 days from the service date of such notice for a penalty payment.
In case of any query, please feel free to contact us on this email enquiry@overallaccounting.com
