Notifications giving effect to the recommendations of the GST Council: A short Compilation


Notifications giving effect to the recommendations of the GST Council: A short Compilation


CBIC has issued notifications on 5th July giving effect to the recommendations of the GST Council for exemptions in compliances, extension of due dates, and bringing into effect certain provisions of the Finance Act 2022 along with the amendments in the CGST Rules.

The notifications are summarised below:

Notification 10/2022: Exemption from filing GSTR-9/9A
Taxpayers having aggregate annual turnover up to ₹2 crores shall be exempted from filing annual return in FORM GSTR-9/9A for FY 2021-22.

Notification 11/2022: Extension of due date for filing CMP-08
The due date for filing CMP-08 for April – June 2022 for composition taxpayers has been extended from 18 July to 31st July 2022.

Notification 12/2022: Waiver of late fees for delay in filing GSTR-4
The late fee for delay in filing GSTR-4 by composition dealers for the year 2021-22 shall stand waived for the period till 28 July 2022.

Notification 13/2022: Extension of time limit for issuance of notices for FY 2017-18 and filing of refund claim/order for recovery of erroneous refunds

The issuance of an order under section 73(9) for recovery of tax not paid/short paid or input tax credit wrongly availed/utilized for 2017-18 shall be allowed till 30 September 2023.

The period between 1 March 2020 and 28 February 2022 shall be excluded for computation of the limitation period for filing of refund claims and issuance of orders for recovery of erroneous refunds.

Notification 14/2022: CGST (Amendment) Rules

Revocation of suspension: The suspension of registration due to non-filing of returns for the specified period by regular taxpayers and within 3 months of the due date by the composition dealer shall be revoked on the filing of all previous returns if the registration has not been already canceled.

Duty credit scripts: The value of duty credit scripts shall be included in the aggregate value of exempt supplies for the reversal of common credits under Rule 42 and 43.

Declaration on the invoice: The taxpayers having aggregate turnover exceeding ₹20 crores in any of the FY from 2017-18 and onwards, but not mandated to generate e-invoice/IRN (such as banks, FI, NBFC, SEZ developers) shall be required to provide a declaration to that effect in the invoices issued by them.

Re-credit on payment of the amount debited for erroneous refunds: On deposit of the amount erroneously sanctioned as refunds of accumulated ITC and IGST paid on exports, along with interest and penalty, such amount (debited earlier) shall be re-credited to the electronic credit ledger.

UPI and IMPS allowed as modes of payment: UPI and IMPS shall be allowed as modes of payment towards tax, interest, penalty, fees, or any other amount