Top 10 changes to the GST law from January 1 2022

The Central Board of Indirect Taxes and Customs (CBIC) have introduced various changes to the GST law from January 1, 2022.Here we have to discuss about the top 10 changes to the GST law from January 1, 2022.

1. New GST Burden on E-Commerce Operators Zomato, Swiggy, Ola, Uber:

On day, it had been set at the products and Services Tax Council meeting that e-commerce operators be created susceptible to pay tax on services provided through them specifically transport of passengers, by any variety of automobiles building services or building services provided, with some exceptions this can become effective January one, 2022, aforesaid an announcement issued by the Finance Ministry once the GST Council meeting.

2. Correction in Inverted Duty structure in Footwear and Textiles sector:

The GST Council set to introduce GST rate changes from January 2022 so as to correct the inverted duty structure within the Footwear and Textile Sector. All footwear, regardless of costs can attract GST at 12 % whereas expulsion cotton, all textile products together with readymade clothes can have GST at the speed of 12 %.

3. Interference of GSTR-1 for non filing of GSTR 3B:

From first January 2022, the GSTR-1 come filing facility are blocked if you have got not submitted the come in type GSTR-3B for the previous 2 come periods. For instance, if a remunerator has not filed GSTR-3B for Gregorian calendar month 2021 and Nov 2021, the GSTR-1 filing facility is blocked from the first January 2022.

4. Rules associated with obligatory Aadhaar authentication for GST Refund & Revocation application:

The Central Board of Indirect Taxes and Customs (CBIC) has notified that Rules associated with obligatory Aadhaar authentication for GST Refund and Revocation application are to be effective from one January 2022.

5. GST Provision associated with communication of Details of invoice or debit note to the recipient:

Section 109 of the Finance Act, 2021 seeks to amend section sixteen of the CGST Act whereby sub-section (2), once clause (a), the clause shall be inserted, specifically “(aa) the main points of the invoice or debit note observed in clause (a) has been furnished with by the provider within the statement of outward provides and such details are communicated to the recipient of such invoice or debit note within the manner nominative underneath section thirty seven.

6. Self-assessed tax shall embody the tax owed in respect of details of outward provides:

Section 114 of the Finance Act, 2021 seeks to Amend section seventy five, in sub-section (12), the reason shall be inserted, specifically “For the needs of this segment, the expression “self-assessed tax” shall embody the tax owed in respect of details of outward provides furnished with underneath section thirty seven, however not enclosed within the come furnished with underneath section 39.”

7. Commissioner authorized to connect provisionally, any property, together with checking account:

Section one hundred fifteen of the Finance Act, 2021 seeks to Amend section 83, for sub-section (1), the sub-section shall be substituted, specifically “(1) Where, once the initiation of any continuing underneath Chapter XII, Chapter XIV or Chapter XV, the Commissioner is of the opinion that for the aim of protective the interest of the govt. revenue it's necessary thus to try to, he may, by order in writing, attach provisionally, any property, together with checking account, happiness to the nonexempt person or somebody per sub-section (1A) of section 122, in such manner as could also be prescribed.

 

8. No charm to be filed against section 129(3) order, unless a total adequate to twenty fifth of the penalty is paid:

Section 116 of the Finance Act, 2021 seeks to amend section 107, in sub-section (6), the provision shall be inserted, definitely “Provided that no appeal shall be filed against AN order underneath sub-section (3) of section 129, unless a total adequate to fourth of the penalty has been paid by the appellant.”

9. Commissioner’s Power to incorporate info:

Section 119 of the Finance Act, 2021 seeks to Substitute of recent section for section 151 specifically “Power to incorporate information: The Commissioner or a political candidate approved by him might, by AN order, direct somebody to furnish info concerning any matter

10. Prohibited in reference to this Act, at intervals such time, in such type, and in such manner, as could also be nominative in this”:

correct officer detaining or seizing product or conveyance to issue notice at intervals seven days of such detention or seizure the correct officer detaining or seizing product or conveyance shall issue a notice at intervals seven days of such detention or seizure, specifying the penalty owed, and thenceforth, pass AN order at intervals a amount of seven days from the date of service of such notice, for payment of penalty.

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