New Legislation:
The Central Government introduces the Central Goods and Services Tax (Amendment) Rules, 2021, under section 164 of the CGST Act, 2017.
Effective Date:
The rules come into force upon their publication in the Official Gazette.
Rule Amendment - GSTR-1 Submission:
Rule 59 of the CGST Rules, 2017, sees a significant addition with sub-rule (6), outlining restrictions on GSTR-1 filings.
Compliance Requirements:
Registered persons must file GSTR-3B for the preceding two months to submit details of outward supplies in GSTR-1.
Quarterly filers (as per section 39(1) proviso) are bound by the same condition, aligning GSTR-1 submission with GSTR-3B filings.
Restrictions on Excess Tax Liability:
Taxpayers restricted by rule 86B (limit on using electronic credit ledger) are barred from GSTR-1 filing without prior GSTR-3B submission.
Directive Source:
Pramod Kumar, Director, Government of India, issues the directive.
Legislative History:
The rules were originally published on June 19, 2017, and this amendment follows the last update on December 22, 2020.