December, 2021 – Issue No. IV


Important GST Changes with effect from 01.01.2022:
GSTR-1 filing restricted if GSTR-3B not filed for preceding month.
Mismatch between GSTR-1 and GSTR-3B – recovery can be initiated without any notice for adjudication.
ITC to be available only if invoices/debit note details are furnished in supplier’s GSTR-1.
Provisional attachment provisions made more stringent.
Appeal against order passed under Section 129 – 25% pre-deposit of penalty.
Enhanced penalty under Section 129.
Aadhaar Authentication mandatory for refund claims/revocation of cancellation claims.

Important GST Rate changes w.e.f 01.01.2022:
Tax liability on e-commerce operators.
Rate change for the purpose of correcting inverted duty structure.
Works Contract supply to Government Authority and Government Entity.

Retrospective Change w.e.f 01.07.2017 (given effect from 01.01.2022):
Supply of goods by any unincorporated association or body of persons to a member thereof for cash, deferred payment or other valuable consideration.


BCD reduced on Refined palm oil and its fractions from 17.5% to 12.5% till 31.03.2022.

Anti-dumping duty imposed on imports of ‘Hydrofluorocarbon Blends (All blends other than 407 and 410 are excluded)’ from China PR for a period of five years.

Anti-dumping duty imposed on imports of Hydrofluorocarbon (HFC) component R-32 from China PR for a period of 5 years.

Anti-dumping duty imposed on imports of “Silicon Sealant” from China PR for a period of five years.


Annual SCOMET Update – 2021 has been notified to amend the Appendix 3 (SCOMET Items) to Schedule-2 of ITC (HS) Classification of Export and Import Items, 2018.

Import policy for Moong shall be “Free” for consignments with Bill of Lading/Lorry Receipt dated on or before 31.03.2022. Imports should be cleared from Customs on or before 30.06.2022.

The Indian Tax Advisors