Important Changes introduced CGST(Fourteenth Amendment) Rules 2020
Important Changes introduced CGST(Fourteenth Amendment) Rules 2020 The time limit for system-based GST Registration increased 1. The time for system-based registration has been enhanced from 3 days to 7 days. That means, now department shall be required to review and grant registration within 7 days against 3 days as provided earlier from the date of filing of the registration application. Where the applicant does not do adhaar authentication or where the department feels fit to carry out physical verification the time limit for grant of registration shall be 30 days instead of 7 days. More Powers to GST department in cancellation of GSTIN 2. Now the officer can proceed for cancellation of GSTIN where a taxpayer avails Input Tax Credit (ITC) exceeding than that permissible in Section 16. Clause (e) has been inserted in Rule 21 of CGST Rules 2017. 3. Now where the liability declared in GSTR 3B is less than that declared in GSTR 1 in a particular month, the department may now p