GST NEWS BULLETIN

CBIC Notifies Only ITC Reflected in GSTR-2B Can Be Claimed W.e.f. 1st January 2022

The CBIC vide Notification No. 40/2021-Central Tax, has notified amendments in the Central Goods and Services Tax Rules, 2017 concerning availing of ITC.

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Amendment In Rule 59 Of CGST Rules, 2017 To Be Effective From 1st January 2022.

The CBIC vide Notification No. 35/2021 – Central Tax had notified certain amendments in Rule 59 of CGST Rules, 2017 to be effective from 1st January 2022. By way of the said amendments, in the said rule, for the words “for preceding two months”, the words “for the preceding month” are substituted with effect from 1st January 2022. That means from 1st January 2022 onwards, if a monthly filer has not filed the GSTR-3B for the preceding month, then such taxpayer will not be allowed to file the GSTR-1 for the subsequent month, till the GSTR-3B for the preceding month is filed.

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E-Commerce Operators Liable to Pay GST On Restaurant Services Supplied Through Them W.e.f. 1st January 2022

The CBIC vide Circular No. 167 / 23 /2021 – GST, has notified “Restaurant Service” under section 9(5) of the CGST Act, 2017. Accordingly, the tax on supplies of restaurant service supplied through e-commerce operators shall be paid by the e-commerce operators with effect from 1st January 2022.

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Due Date For Furnishing GSTR-9 & GSTR-9C For FY 2020-21 Extended Till 28th February 2022

The CBIC vide Notification No. 40/2021-Central Tax, has extended the due date for registered persons to file GST Annual Return (GSTR 9) and Reconciliation statement (GSTR 9C) from 31st December 2021 to 28th February 2022 for the financial year 2020-21.

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GST Revenue Collection for December 2021 Stood At Rs 1,29,780 Crore

The gross GST revenue collected during December 2021 stood at Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods).

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