Blocking of input tax credit-New Rule 86A introduced under GST.

6 comments Friday, December 27, 2019
Rule 86A in the CGST Rules vide notification No 75/2019 has been introduced w.e.f. 26.12.2019 to empower the revenue to impose additional condition/restriction on use of amount of input tax credit available in the electronic credit ledger. This rule has given drastic powers to the Department to restrict the credit of any person in certain cases where there is reason to believe that ITC is availed fraudulently or is ineligible.  
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ITC not reflected in GSTR-2A to be allowed only to the extent of 20%-Due date of Tran-1 and Tran-2 extended in some cases

11 comments Thursday, October 10, 2019
The CGST Rules have been amended vide notification no 49/2019 CGST dated 09.10.2019. Two of the most important amendments are highlighted herebelow:   
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Compulsory Payment of tax before filing of GSTR-3B-Inconsistent working of GST portal

3 comments Saturday, May 11, 2019
Section 146 of the CGST Act, 2017 provides that the Government may notify the common elecronic portal for facilitating the registration, payment of taxes, furnishing of  returns and carrying out other purposes under the said Act. In exercise of the powers u/s 146  common e-portal (gst.gov.in) and eway bill portal have been notified and are in operation. It is pertinent to mention here that the said e-portals are for facilitating the law laid down under the GST laws and such e-portals cannot override the provisions of law.

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