CG has issued CGST (Fourth Amendment) Rules, 2021 wherein 5 Ru | TaxLiner | Summarizing Laws

CG has issued CGST (Fourth Amendment) Rules, 2021 wherein 5 Rules & 2 Forms amended & 1 Form newly inserted.

Short Background & analysis:

1. An application for revocation can be filed by a taxpayer in case of suo-moto cancellation of registration by PO in REG-21. Now Rule 23 (1) amended to include that such revocation can be filed within 30 days from receipt of Order or within period extended by AC or JC or Commissioner (Second Part Inserted now & changes made in REG-21).

2. Proviso inserted to Rule 90(3), wherein if PO directed taxpayer to file a fresh application due to deficiencies in application the time b/w filing of RFD-01 & receipt of deficiency memo in RFD-03, shall not be included in time limit of 2 years for filing fresh refund application.

3. Rule 90(5) & Rule 90(6) inserted wherein refund application filed in RFD-01 can be withdrawn before order of RFD-04/05/06/07/08 by filing application in RFD-01W (New Form inserted), & any amount debited from ECL shall be re-credited to ECL.

4. Amendment in Rule 92(1), 92(2), 96(6) 96(7). If any refund is withheld by the PO then order shall be passed in Part-A of RFD-07. Further order to release such withheld refund shall be passed in Part-B of RFD-07 (Revised forms issued).

5. Rule 138E puts restriction for filing information in Part-A of EWB-01, some words have been substituted, wherein now the restriction is restricted to only Outward Movement of Goods of a registered person, i.e. no restriction to issue e-way bill as a recipient.

Revised Form RFD-07 & Newly inserted Form RFD-01 W along with copy of notification can be accessed in the PDF attached.

@HubofCA