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February 2023

Goods and Services Tax

By G. G. Goyal, Chartered Accountant
C. B. Thakar, Advocate
Reading Time 17 mins
I.    NOTIFICATIONS 1.    Notification No.26/2022-Central Tax dated 26th December, 2022   By above notification, the rules under CGST Rules, 2017 are amended. The amendments are regarding following aspects:
  • Changes in rules regarding registration namely, authentication and verification of application through separate onetime password.
  • Rule 37A is inserted providing reversal of input tax credit in case of non-payment of tax by the supplier and re-availment thereof.
  • Rule 46 is amended regarding mention of PIN in invoice issued for supplies made by or through electronic commerce or by supply of online information and database accesses or retrieval services.
  • Amendment in Rule 59 disallowing furnishing of details in GSTR-1 for non-compliance of intimation issued under Rule 88C.
  • Rule 88C is inserted to provide about the manner and method of payment of differential tax between Form GSTR-1 and GSTR-3B.
  • Rule 89 is inserted regarding requirements for refund to unregistered persons.
  • Rules 108, 109 & 109C, which are regarding appeal provisions, are substituted to make procedural changes.
  • In addition, there are various small and procedural changes in several other Rules and Forms.
2.    Notification No.27/2022-Central Tax dated 26th December, 2022 By above notification Rule 8(4A) is
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