The Central Government, as per the decisions made by the GST Council on 22nd December 2018 has amended the Central Goods and Services Tax (CGST) Rules wherein the rules relating to the e-way bill, refund and the forms including the audit reports, annual returns, and reconciliation statements have been modified.
The amended rules modify the restrictions on furnishing of information in PART A of FORM GST EWB-01. As per the amended rules, no person shall be allowed to furnish the information in PART A of FORM GST EWB-01 in respect of a registered person, whether as a supplier or a recipient, who,— (a) being a person paying tax under section 10, has not furnished the returns for two consecutive tax periods; or (b) being a person other than a person specified in clause (a), has not furnished the returns for a consecutive period of two months. However, this is subject to conditions specified in the rules.
The form for application for refund has also been amended.
Also Read: Govt waives Late Fee for GSTR-1, GSTR-3B and GSTR-4
The GST council, in its 31st meeting, had also prescribed some crucial changes in the audit and annual return forms.
It was said to amend headings in the forms to specify that the return in FORM GSTR-9 &FORM GSTR-9A would be in respect of supplies etc. ‘made during the year’ and not ‘as declared in returns filed during the year’.
Further, all returns in FORM GSTR-1&FORM GSTR-3B have to be filed before the filing of FORM GSTR-9&FORM GSTR-9C. All returns in FORM GSTR-4 have to be filed before the filing of FORM GSTR-9A. HSN code may be declared only for those inward supplies whose value independently accounts for 10% or more of the total value of inward supplies. Additional payments, if any, required to be paid can be done through FORM GST DRC-03 only in cash.
ITC cannot be availed through FORM GSTR-9 &FORM GSTR-9C; All invoices pertaining to previous FY (irrespective of the month in which such invoice is reported in FORM GSTR-1) would be auto-populated in Table 8A of FORM GSTR-9; Value of “non-GST supply” shall also include the value of “no supply” and may be reported in Table 5D, 5E, and 5F of FORM GSTR-9; Verification by the taxpayer who is uploading the reconciliation statement would be included in FORM GSTR-9C.
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