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September 2022

Recent Developments in GST

By G. G. Goyal, Chartered Accountant
C. B. Thakar, Advocate
Reading Time 16 mins
I. NOTIFICATIONS/ORDERS

1. Order No.1/2022 – GST dated 21st July, 2022 is issued under Rule 96(4)(c) of CGST Rules, 2017, authorising the Principal Director General / Director General of Directorate General of Analytics and Risk Management, CBIC, to exercise the functions throughout the territory of India.

2. An Advisory dated 22nd July, 2022 is issued about upcoming changes in GSTR-3B.

3. E-Invoicing - Notification No.17/2022- Central Tax dated 1st August, 2022 – The turnover limit for implementation of E-invoicing is brought down to R10 crores in place of R20 crores. The above change will be effective from 1st October, 2022.     


II. CLARIFICATIONS

1. FAQ on GST applicability on “Pre-Packaged and labelled” goods issued vide F.No.190354/172/2022-TRU dated 17th July, 2022.

It clarifies various issues relating to the above category of classification of goods.

2. The Directorate General of Taxpayer Services of CBIC has issued clarificatory communication about GST on Co-operative Housing Societies and RWAs.

3. The Deputy Director (Legal Metrology) has issued a communication bearing no. I-10/14/2020-W & M Section, dated 1st August, 2022, which gives the impact of GST on unsold stock of pre-packaged commodities.


III. CIRCULARS

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