If companies miss to file monthly GST returns, then it will be difficult, the government has made a new rule

Companies that have not paid the Summary Return and Monthly GST on time will no longer be able to file GSTR-1 Sales Return from the month following that. This rule will be applicable from the new year i.e. 1 January 2022.

In the meeting of the GST Council held in Lucknow on Friday, many decisions were taken in view of strict implementation of the rules. This also includes making Aadhaar verification mandatory for companies or businesses to claim refunds. It is believed that these steps will stop GST evasion and thereby prevent loss of government revenue. The Goods and Services Tax (GST) was implemented on July 1, 2017.

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The GST Council has decided to amend Rule 59(6) of the Central GST (CGST) Rules with effect from January 1, 2022. Under this, if a registered person has not filed return in Form GSTR-3B for the previous month, then he will not be allowed to submit GSTR-1. At present, if companies fail to submit GSTR-3B for the last two months, they are not allowed to submit GSTR-1.

Companies have to submit GSTR-1 for a month by the 11th day of the subsequent month. On the other hand, GSTR-3B has to be submitted from 20th to 24th day of the subsequent month. Companies pay tax through the form GSTR-3B. Apart from this, the council has made Aadhaar verification mandatory for GST registration. A company can now claim for refund only after Aadhaar verification.

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The Central Board of Indirect Taxes and Customs (CBIC) had made Aadhaar verification mandatory for GST registration with effect from August 21, 2020. The council has now decided that companies will have to link their GST registration with biometric Aadhaar, only then they can claim for refund or apply for restoration of canceled registration.

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