July, 2022 – Issue No. II

Clarifications issued by CBIC:
1) Mandatory furnishing of correct and proper information of inter-State supplies and amount of ineligible/blocked Input Tax Credit and reversal thereof in return in FORM GSTR-3B and statement in FORM GSTR-1.
2) Fraud / Fake Invoice – applicability of demand and penalty provisions.
3)Refund under inverted duty structure where the supplier is supplying goods under some concessional notification
4) Prescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03A.
5)Manner of filing refund of unutilized ITC on account of export of electricity.

Amendments made in:
Rule 21A– Suspension of registration – automatic revocation of suspension in certain cases,
Rule 43 – Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases – there is no requirement of reversal of input tax credit for exempted supply of Duty Credit Scrips by the exporters,
Rule 46 – Tax Invoice – declaration that e-invoice is not required to be issued,
Rule 86 – Electronic Credit Ledger – Re-credit of amount in electronic credit ledger where taxpayer pays erroneous refund along with interest and penalty.
Rule 87 – Electronic Cash Ledger – UPI and IMPS payments enabled,
Rule 89 – Amendment in formula prescribed in sub-rule (5) of rule 89 of CGST Rules, 2017 for calculation of refund of unutilized Input Tax Credit on account of inverted rated structure.
Rule 96 – Certain IGST refund claims on the portal to be transferred in a system generated FORM GST RFD-01 to the jurisdictional GST authorities for processing under Rule 89.

Waiver of late fee for delay in filing FORM GSTR-4 for FY 2021-22 upto 28.07.2022.
Extension of due date for filing FORM GST CMP-08 for Q1 of FY 2022-23 upto 31.07.2022.
Exemption from filing annual return in FORM GSTR-9/9A for FY 2021-22to be provided to taxpayers having AATO upto Rs. 2 crores.