Following is the gist of important changes being brought about in the GST law w.e.f. 01st January 2022:
- Mandatory Aadhaar authentication is required for claiming refunds under GST
- Blocking of the facility of filing GSTR-1 in cases where the business has not paid taxes and filed GSTR-3B in the immediate previous month.
- Power given to officers to visit premises to recover tax dues without any prior show-cause notice, in cases where taxes paid in GSTR-3B is lower based on suppressed sales volume, as compared to supply details given in GSTR-1.
- Restricts availment of Input Tax Credit to only that amount which is reflecting in GSTR-2A/2B. The extra 5% leeway given earlier will not be allowed from 01.01.2022.
- Food delivery platforms like Swiggy & Zomato will now be liable to collect & deposit GST on restaurant services being supplied through them from 01st January 2022 instead of the individual restaurant owners. The onus to deposit GST & issue tax invoices has now been placed on the food delivery companies.
- While the passenger transport services provided by auto rickshaw drivers through offline/manual mode would continue to be exempt, such services when provided through any e-commerce platform would become taxable effective January 1, 2022, at 5 per cent rate.
- Services provided to its members by an AOP, Partnership Firm, etc. are now taxable as this has been specifically included in the definition of “supply”.