GST NEWS BULLETIN

CBIC Issued Guidelines For Recovery Proceedings In Case Of Mismatch In Gstr-1 & Gstr-3b

The CBIC issued instructions in relation to the recovery procedure to be followed where the tax payable in respect of details of outward supplies furnished by the registered person in GSTR-1, has not been paid through GSTR-3B return, either wholly or partly, or any amount of interest payable on such tax remains unpaid.

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The National Informatics Centre (“NIC”) Has Issued An Updated List Of GSTINs Generating IRN

The list issued by NIC of the GTSNs generating Invoice Reference Number (IRN) has been updated till 18th Jan ‘2022.

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Alignment Of AEO Circular No. 33/2016 Dated 22.07.2016 and 54/2020 Dated 15.12.2020 With CAROTAR, 2020.

The CBIC issued Circular No. 02/2022-Customs dated January 19’2022 regarding alignment of Authorized Economic Operator (“AEO”) Circular No. 33/2016 and 54/2020 with Customs Administration of Rules of Origin Under Trade Agreements Rules, 2020 (“CAROTAR 2020”) implemented vide dated September 21, 2020.

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Retention Of ISO Containers To Meet Future Requirements

The CBIC issued Circular No. 01/2022-Customs dated January 18’2022 regarding retention of International Organisation for Standardization (“ISO”) Containers to meet future requirements.

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