
N.N 09/2022 dated 05.07.2022
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· Interest on ITC wrongly availed and utilised shall be payable @ 24% and this shall apply retrospectively from 1st July, 2017
· ECO can now rectify any omission or mistake till 30th November following the end of FY or actual date of furnishing annual return whichever is earlier.
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N.N 10/2022 dated 05.07.2022
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· Taxpayers having annual aggregate turnover upto Rs 2 crore are exempt for furnishing annual return for FY 21-22
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N.N 11/2022 dated 05.07.2022
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· Due date for filing Form GST CMP-08 (i.e. Quarterly return of details of self-assessed tax payable by a composition dealer) for the Quarter Apr – Jun 22 is extended to 31st July 2022.
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N.N 12/2022 dated 05.07.2022
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· Nil Late fees for filing GSTR-4 (i.e. Annual return of composition dealer) for the FY 21-22, if filed till 28th July 2022.
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N.N 13/2022 dated 05.07.2022
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· Extends the time limit specified under sec 73(10) for issuance of order under section 73(9) of the said Act, for recovery of tax not paid or short paid or of input tax credit wrongly availed or utilized, in respect of a tax period for the financial year 2017-18, up to the 30th day of September, 2023.
· Excludes the period from the 1st day of March, 2020 to the 28th day of February, 2022 for computation of period of limitation under section 73(10) of the said Act for issuance of order under section 73(9) of the said Act, for recovery of erroneous refund.
· Excludes the period from the 1 st day of March, 2020 to the 28th day of February, 2022 for computation of period of limitation for filing refund application under section 54 or section 55 of the said Act.
This notification shall be deemed to have come into force with effect from the 1st day of March, 2020
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N.N 14/2022 dated 05.07.2022
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· Suspension of Registration shall be deemed to be revoked after filing of all the pending returns where suspension is on account of not filing 3 consecutive tax period returns for composition dealers or 6 consecutive tax period returns for other than composition dealers as the case may be.
· For the purpose of Rule 42 & 43, value of supply of Duty Credit Scrips shall be excluded from calculating aggregate value of exempted supplies. · UPI/IMPS facility to be available for making GST payments of portal. · Registered person may now transfer amount of tax, interest, penalty, fee etc to the electronic cash ledger of distinct person(same person having separate GST number in other state). · Interest on net cash paid made retrospective effective from 1st July, 2017. · Changes in GSTR3B to include supplies made by ECO or by any other person through ECO to be shown separately. Further reversal of ITC details made more dynamic with separate disclosure of 50% reversal for Banks/NBFC’s. |
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