GST News and Updates – 2022

Changes in GSTR 3B wide Central Tax Notification No. 14/2022 dated 05th July 2022. Implementation of Phase 2 for HSN Summary. The late fee has been waived for filing of GSTR-4 for FY 2021-22 on or before 28th July 2022 Central Tax Notification No. 12/2022 dated 05th July 2022.

Various changes to Rates and GST Procedures by the 47th GST Council meeting. 6% tax rate has been added in the item details of  GSTR-1, except HSN table 12.

Extension of the GSTR 3B date due to incorrect GSTR 2B (Central Tax Notification 05/2022 dated 17th May 2022) No late fees for filing of GSTR-4 of FY 2021-22 till 30th June, 2022 (Central Tax Notification 06/2022 dated 27th May 2022)

GST News and Updates – April 2022   GSTR-1 enhancements & improvements :   The following changes are being done in this phase of the GSTR-1/IFF enhancements :   Removal of ‘Submit’ button before filing : The present two-step filing of GSTR-1/IFF involving ‘Submit’ and ‘File’ buttons have been replaced with a simpler single-step filingprocess . It […]

GST News and Updates – February 2022   Amendments Proposed in GST Acts by the budget. Section 29 is proposed to be amended so as to provide that the registration of a person is liable for cancellation, where – A person under composition scheme has not furnished the return for a financial year beyond three

Tax rates for Textile Sector remain unchanged.  Notification No. 40/2021 -Due date for GSTR 9 and 9C extended. Rule 36(4) amended w.e.f 1st January 2022. Revamped Search HSN Code Functionality. Functionality- Changes made in Form GSTR-1/IFF.