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.


The requirement of advance registration of minimum 15 days from the expected date of arrival of import consignment under SIMS has been abolished.

Export Policy of wheat flour (atta) remains ‘Free’, but export shall be subject to recommendation of Inter-Ministerial Committee (IMC) on export of wheat.

The Indian Tax Advisors