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Archive: December, 2020

Posts in December, 2020

HC explains invocation of Rule 86A for blocking ITC

December 24, 2020 9867 Views 0 comment Print

S. S. Industries Vs Union of India (Guajrat High Court) I) The invocation of Rule 86A of the Rules for the purpose of blocking the input tax credit may be justified if the concerned authority or any other authority, empowered in law, is of the prima facie opinion based on some cogent materials that the […]

Provisions for modifying PAN based IEC introduced

December 24, 2020 3888 Views 0 comment Print

In case of change in constitution of a PAN based IEC by way of merger, acquisition, liquidation, inheritance etc. such that PAN of the new entity so formed is different from the earlier one, an IEC can be availed against the new PAN, if not existing already. Previous IEC(s) can also be operationally linked to the PAN/IEC of the new entity.

New grounds for cancellation of registration under GST

December 24, 2020 7884 Views 0 comment Print

Now the officer can proceed for cancellation of GSTIN where a taxpayer avails Input Tax Credit (ITC) exceeding the permissible amount of ITC, which is in violation of the provisions of section 16 of the CGST Act and rules made thereunder.

Validity of e-way bill narrowed by increasing distance from 100 km. to 200 km. per day

December 24, 2020 46311 Views 0 comment Print

The validity of e-way bill under Rule 138(10) of the CGST Rules has been amended, according to which the e-way bill will now be valid for 1 day for every 200 km of travel, as against 100 km earlier, in cases other than Over Dimensional Cargo or multimodal shipment in which at least one leg involves transport by ship.

Person whose GST registration has been suspended is now restricted from furnishing PART A of E-Way Bill

December 24, 2020 4233 Views 0 comment Print

Person whose registration has been suspended is now restricted from furnishing PART A of E-Way Bill The CBIC vide Notification No. 94/2020-Central Tax dated December 22, 2020 has issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020, amending, inter alia, Rule 138E of the Central Goods and Services Tax Rules, 2017 (“CGST Rules”) in […]

No opportunity of being heard to taxpayers for suspension of GST registration

December 24, 2020 6243 Views 0 comment Print

No opportunity of being heard to taxpayers for suspension of registration The CBIC vide Notification No. 94/2020-Central Tax, dated December 22, 2020 2020 issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020 amending Rule 21A of the Central Goods and Services Tax Rules, 2017 (CGST Rules) in following manner: The words “after affording the […]

New Form GST REG-31 notified for ‘Intimation for suspension & notice for cancellation of registration’

December 24, 2020 48888 Views 2 comments Print

New Form GST REG-31 notified for ‘Intimation for suspension & notice for cancellation of registration’ The CBIC vide Notification No. 94/2020-Central Tax dated December 22, 2020 has issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020, inter alia, notifying Form GST REG-31 for ‘Intimation for suspension and notice for cancellation of registration’ under Rule […]

Disqualification, Striking off And Cancellation of DIN

December 24, 2020 14841 Views 0 comment Print

In 2017, in order to eliminate the shell companies from the system, the Ministry of Corporate Affairs initiated a ‘striking-off’ drive whereby the Registrar of Companies had exercised its powers under Section 248 to strike off the name of the Companies “defunct” and thereby marking their Directors disqualified also cancelled their DINs. Since this move […]

Time limit increased for grant of GST registration from 3 to 7 working days

December 24, 2020 170247 Views 2 comments Print

CBIC Increased the time period to approve the grant of registration to the applicant from ‘three’ working days to ‘seven’ from the date of submission of the application for the registration.

Changes in GST Rules relating to Registration, ITC Returns and E Way Bills

December 24, 2020 5070 Views 0 comment Print

CBIC has issued Notification No 94/2020-Central Tax Dated 22nd December, 2020 for amendment in CGST rules vide Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. These rules amend the provisions relating to – 1. Grant of GST Registration 2. Power to suspend or cancel GST Registration 3. Manner and extent of utilization of Input […]

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