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The Government vide Notification No. 14/2021-Central Tax) Notification No. 15/2021-Central Tax dated 18th November 2021 has made some major amendments that will come into force from 1st January 2022.

The following are the 10 important changes that has come into effect from 1st Jan 2022

Compliance Related

1 – GST ITC available to Recipient only when supplier pay and file GSTR 1, which matches with GSTR 2B

2 – Registered persons can’t file GSTR-1 if not furnished GSTR-3B for the preceding month

3 – Aadhaar authentication is compulsory filing refund claim and application for revocation of cancellation of registration

Changes in Rates Related

4 – Changes in GST rate on footwear from 5% to 12%

5 – GST leviable on services provided by Club or Association to its members retrospectively w.e.f. July 01, 2017

Points wise Summary of GST Changes Notified w.e.f 1st January 2022

6 – Composite supply of works contract services to Governmental Authority or Government Entity taxable @ 18%

7 – Food delivery apps like Zomato & Swiggy, and Cloud kitchens brought within the restaurant services, liable to pay GST @5% with no ITC

Litigation & Assessment Related

8 – Commissioner can pass Order for Provisional Attachment of property/ bank account of taxable or any person to protect Govt. revenues

9 – Minimum Pre-deposit of 25% for filing appeal against E-way bills violations

10 – Recovery of self-assessed tax can be made without Show Cause if there is difference between GSTR 1 and GSTR 3B

Author Bio

Udit Jalan is the founder and CEO of File IT India and also acts as the CFO of Taaza TV group Udit has worked with many MNC's as Finance Head and has over 10 years of experience in the field of Taxation. He is a renowned GST speaker and have conducted over 50+ training and seminars all over India. View Full Profile

My Published Posts

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